For more on this we are joined in the studio by CCTV's Jin Yingqiao.

Q1: Tell us more about 5G and the Internet of Things.

A1: Much more to just faster speed, China's Minister of Industry and Information Miao Wei says that 5G is boosting some new industry momentums. In a sense, 5G tackles problems that are not resolved in the 4G era.  For one, 4G is unable to support multi-device connections, such as virtual reality helmets with a smartphone. But 5G is able to connect one million devices in one square kilometer. For that, 5G ushers in the era of the Internet of Things. And another issue that hasn't been solved in 4G era is high power consumption. One expert says devices need years of battery life before the web of "things" can be built. Lastly is the response time. A lot of times, it's not about download speeds but on how soon you can see web pages after the moment you click on a link. Nowadays, the usual response time reaches about 200 milliseconds, but humans' reaction time to senses is 140 milliseconds. And that also means quick reaction time is much needed in driver-less cars and drones. You want to react as quick as you can when you're on the road.

Q2: Tell us about some of the hindrances the industry needs to tackle?

A2: One big challenge is that there seems a lack of passion by vertical enterprises or companies that offer direct services or products to customers. Because again, as the most distinctive feature of 5G is the connection of things, the participation of manufacturers are just as important. These manufacturers include makers of furnitures, cars, robots, drones, high speed railways, etc. When you take a look at China's 5G association -- the IMT-2020 -- its members are all telecommunications companies, with no vertical companies involved. But healthy momentums have also emerged. For example, China Mobile has teamed up with players including Qualcomm, Intel, and manufacturers of Haier and Hisense for a 5G innovation center. Haier this year spent almost 5-and-a-half billion US dollars in consolidating GE's home appliance department. This pushes forward cooperation in the area of "smart manufacturing."