Just as steam engines propelled social and industrial development 100 years ago, ICT has been the engine of progress for the past twenty years, profoundly changing our daily lives. Today, ICT brings new intelligence to and enables further convergence of the digital and physical worlds. Social media, online banking, and e-commerce are just the start. More exciting changes lie ahead as ICT is restructuring traditional industries, and creating a new industrial revolution, driven by mobile Internet. For example, electric motors and automated driving are beginning to redefine the automobile, while wearable technologies and cloud computing allow people to observe and react to their environment in a more intelligent way, beyond the limitations of the human senses.
None of this would be possible without broadband connectivity over fixed and wireless connections. ICT applications are influencing socioeconomic development, while broadband networks are becoming the very foundation of our digital society. According to the latest statistics, digital infrastructure, represented by the broadband Internet, has surpassed railways in economic importance, contributing over 35% to global economic output. Broadband is now a core economic competency for any city, state, or country.
However, broadband network development faces a variety of difficulties and challenges, especially in terms of investment models, the cost of construction and collaboration across the value chain. Broadband network development requires country-specific models and collaboration across industries and sectors.
By the end of 2016, the United States, Chinese, EU, Finland, Russia, South Korea, Brazil, India, South Africa, Singapore and other more than 150 countries around the world released a national broadband strategy, in order to promote the sustainable development of national economy. As always, Huawei will continue our efforts in technological innovation and open cooperation, and serve our customers through our leading products and solutions. This will help create a better connected world, constantly enabling social progress, and enriching people's lives.
Use the PPP model to encourage private investment and multi-party collaboration. The goal is to deliver the global home broadband coverage of over 90% by 2020
Basic bandwidths starting at 25M provide the conditions for national ICT transformation and service innovation
Encourage infrastructure sharing and construction synergy to reduce network deployment costs and improve the broadband tariff. The goal is to ensure a basic broadband tariff of not exceeding 5% of the monthly income per capita and affordable broadband for every citizen
Houlin Zhao, ITU Secretary-General, discussed how the initiative can help reduce the digital divide among nations.