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China, next year, will lead in the global race for 5G. So, 5G refers to the next generation of wireless technology. So think ultra fast connections for your phones, gadgets, cars, and other machines, and Beijing this year has set some very ambitious targets to be a leader in this space.
So, by 2020 it wants to roll out its first commercial network for 5G, and next year it wants to be a significant player in terms of setting the standards for this technology. So companies like Huawei and ZTE, which are telecoms equipment makers, they've invested huge sums to develop their own 5G technology hoping that it will be included in the global standards.
So this will give China some major global tech bragging rights, but it's also a really interesting preview for some of the upcoming battles to come. So in the areas, like electric vehicles, for example, companies like BYD, are really trying to play a bigger role in global supply chains, and China's Internet trio, Baidu, Alibaba, Tencent, are also racing to catch up with Google in artificial intelligence and Cloud.
So 5G may just be the start of rising Chinese influence in global tech.