– Focus on carbon neutrality, 5G infrastructure, and digital transformation –
– Companies also comprehensively consider digital transformation, cost, and security –
The 2021 China International Information and Communications Exhibition (PT EXPO CHINA) kicked off on September 9 at the National Convention Center in Beijing. Celebrating its 27th anniversary this year, PT EXPO CHINA is China's largest information and communication technology exhibition hosted by the Ministry of Industry and Information Technology of China.
Exhibition site by keyword
PT EXPO 3, held for three days, was held under the theme of “Clarifying the future of digitalization through innovation”. About 2021 companies exhibited their latest products and technologies in the 4-square-meter exhibition hall, attracting 1000 visitors. During the event, 10 sessions including high-level forums and industry forums were also held. A large number of leading companies in China's information and communication technology (ICT) participated in the event to show trends and developments in China's ICT technology.
1) 'Space Expansion' and business feasibility
Recently, China is making remarkable achievements in space development, such as Mars exploration, lunar exploration, space stations, quantum communication satellites, and private space launch vehicles. In this exhibition, China's space development achievements were widely publicized. It showed its will to preoccupy technological superiority in aerospace and undersea space by introducing ocean observation systems using state-of-the-art technology.
However, buyers and audiences showed high interest in the private space development project. Until now, China's 'space excursion' has been led by large state-owned companies such as China Hangcheng Science and Technology Group (CASIC) and China Hangcheon Science and Technology Group (CASC). In 2015, as 'Made in China 2025' permits and encourages the development of rockets in the private sector, related investments and companies in the private sector are rapidly increasing. An official from State-owned Company A said, “China’s private space business is focused on reducing space flight costs, strengthening international recognition and improving profitability. do,” he said.
2) Winter Olympics and 5G infrastructure
As the 2022 Winter Olympics in Beijing are about to be held, this exhibition drew the attention of the audience with augmented reality (AR) audience experiences using 5G (5G) mobile communication. In line with the demands of the Beijing Olympic organizing committee, China Unicom drew attention from industry officials by building a 5G management platform that can manage multiple stadiums smoothly even in a low-temperature environment.
Buyers unanimously agreed that “since the Winter Olympics are being held in the COVID-19 era, it is difficult to expect any economic effects” and that “what remains are the 5G infrastructure and commercialization.” The Chinese government is accelerating the construction of a 2G communications network in preparation for the 2022 Beijing Winter Olympics scheduled to be held in February next year. China Tower, a Chinese communications base station company, has completed the construction of hundreds of 5G base stations in 17 Winter Olympic stadiums, including Beijing and Yanqing, where the Winter Olympics will be held, as well as on the high-speed railway and highways between Beijing and Zhangjiakou. The expansion of communications infrastructure in Beijing, Zhangjiakou, and Hebei Province has focused on the “5G effect of the Olympics,” such as promoting 5G commercialization in the metropolitan area.
3) Smart Factory and Production Cost
The 5G-based smart factory service platform designed to improve manufacturing productivity also drew the attention of buyers and audiences at this exhibition. A large server company, Inspur, presented a solution that emphasized the convergence of the cloud and the Internet. In the field of multi-access convergence, it is said that it plans to improve the convergence of 5G, wifi6, UWB and Lora to satisfy demand such as improving indoor positioning accuracy and reducing IoT costs, and to promote flight and wireless convergence.
Buyers are showing high interest in smart factory technology trends, but they are responding to the need to comprehensively consider initial investment and various production costs. In the midst of the big trend of digital transformation and the increasingly fierce competition between companies, it is important to set digital transformation strategies and goals, but it is also important to select a business model suitable for the company at the right time. He also pointed out that high security and efficiency should be comprehensively considered in accordance with the recent tightening of data safety-related regulations by the Chinese government.
4) Carbon Neutrality and Digitization
At this exhibition, they showed a lot of interest in digitalization measures for carbon neutrality. Technological measures to promote the digitalization of the energy industry, such as managing energy production and consumption more efficiently and developing more renewable resources with various distributed or integrated systems, were presented. The centralized information system and smart management and control system using cloud technology also caught the attention of the audience.
After President Xi Jinping declared 'realization of carbon neutrality by 2020' in September 9, various sectors in China are struggling with energy transition and eco-friendly business strategies. An official from ICT company C said, “Since the top leadership has presented a carbon neutral timetable, the carbon neutral transition will take place rapidly.” We are preparing a digital plan for this.”
5) 5G and Smart Life
Exhibitors were able to experience digitalization in their daily life with '5G + Smart Hotel' and '5G + Smart Residential Complex', which integrate next-generation information technologies such as 5G, cloud computing, and big data. An official from a local smart city software company said, “We are improving city management and public service efficiency by utilizing 4th industrial technologies such as cloud computing, big data, and artificial intelligence, centering on cities with high levels of economic development and digitalization. Based on technological advancement, it is predicted that the construction of smart cities will accelerate.
Prospects and Implications
China's ICT industry is expected to rise even more in line with the Chinese government's fostering policy and expansion of information and communication infrastructure such as 5G. It is expected that the Chinese government will continue to enact and implement various nurturing and support policies to strengthen the innovation capacity that drives the growth of the Chinese economy. Experts say that the recent intensive investigation into certain companies' monopolies and unfair competition, and strong will to punish them, is to institutionalize the maintenance of fair market order in the Internet area. put your mouth together
As digital transformation and strengthening innovation capabilities are emerging as the topics of the times, Korean companies must speed up their technological research and development projects in related fields. Local buyers and investors agreed, "China's ICT development speed is so fast that it occupies a leading position in the world, and market competition is also fierce, so only companies with superior technology and innovation can survive in the market." “Especially in a leading region like Beijing, it is necessary to have both marketability and future potential,” he said.
Korean companies preparing to enter China should keep a close eye on China's Internet regulations and the operation direction of related laws and systems. Recently, China is accelerating the overhaul of laws and regulations related to strengthening data safety. The 'Personal Information Protection Act', which is about to be enforced on November 1, is the 'Cyber Security Act', which has been in effect since June 2017, 6, and the 'Data Safety Act', which was passed on June 1, 2021 and enforced on September 6. Security Law)', opened the Troika era of China's cyber management and data protection. Jeon Ji-hong, a partner lawyer at Zhonglun Law Firm, who is an expert in information and communication technology law in China, said, “There is no case in which a Korean online platform company has had a dominant position and influence in the relevant Chinese market so far, so a Korean company can It is unlikely to be included in direct regulation, but China advises that it is necessary to prepare in advance because the government's regulations are strict.
Source: Comprehensive data from KOTRA Beijing Trade Center