" ITREALMS: China has forerunner ability on future technologies - Gambardella

Tuesday, September 15, 2015

China has forerunner ability on future technologies - Gambardella

The President of ChinaEU, Luigi Gambardella, has expressed confidence in China’s ability to become a forerunner of technologies of the future, ITRealms reports.

He explained that based on recent estimations, the creation of Industry 4.0, a concept originally conceived by Germany and now integrated by many European countries, could generate 500 EU billion, about N112.8 trillion of value added per year to the European manufacturing industry and create more than 6 million jobs across the EU. Pointing out that the objective would be negated if each nation alone develops its own Industry 4.0 strategy without considering what the other countries are doing.

“The 5G revolution, to be successful, must be global. To be credible, 5G needs a critical mass and this can only be achieved if standards are truly global. International cooperation is a priority and is required in three areas: spectrum, standards, and timing” he said.

Gambardella was quoted in a press statement sighted by ITRealms as saying, “China and Europe can have a leading role in setting the vision and the international standards of 5G and I hope to see the finalization of a EU-China joint agreement on 5G common research and development at the end of September, during the visit of Commissioner Oettinger in Beijing.”

ChinaEU is a business-led International Association aimed at intensifying joint research and business cooperation and mutual investments in Internet, Telecom and Hi-tech between China and Europe. ChinaEU provides a platform for constructive dialogue among industry leaders and top-level representatives of European Institutions and the Chinese Government. 

Cyriacus Nnaji/GEE

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