China’s smart supercities powered by 5G to become new growth engine ...News

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China’s smart supercities powered by 5G to become new growth engine
The next phase of growth in China could come from developing smart supercities through 5G connectivity, smart grids, renewable energy and modern transportation, according to a report by Morgan Stanley. It expects the country’s urbanization ratio to grow from the current 60 percent to 75 percent by 2030, bringing in 220 million new city residents. Morgan Stanley defines smart tech supercities as regional clusters of giant hubs surrounded by large satellite cities. “In our view, China is poised to be a global leader in smart city and city cluster development,” said Morgan Stanley's Chief China Economist Robin Xing. By 2030,

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