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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