Quotable quotes from China Development Forum

Yang Yuanqing, chairman and CEO of Lenovo Group, the world's largest manufacturer of personal computers, said 5G will play a direct role in fueling the development of the digital economy and also ignite a cross-sector creativity boom.

"Traditional sectors need to pounce on the opportunities brought by 5G to upgrade themselves and create greater dividends by significantly boosting efficiency," he said.

Yang added that the "intelligent era" will be driven by three key elements－data, strong computing power and algorithms－and next-generation superfast technology will affect all three.

"About half of the 5G applications will be about its integration with traditional sectors," he said.