China expected to have 200 million 5G users by 2020.

ISLAMABAD -- Chinese brands have launched 5G mobile phones one after another this year, with prices as low as 1,999 yuan (about $285.8). The industry expects flagship devices of all the mobile phone brands to go 5G next year, and for the number of 5G users in China to reach 200 million, People's Daily Online reported.

Although the price of 5G services is higher, it is expected to decline next year, which will drive the development of the 5G mobile phone market. Handset manufacturers and the supply chain will benefit from the new wave of 5G mobile phones in the next year, said Fang Jing, an electronics industry analyst.

Domestic shipments of 5G mobile phones reached 5.1 million in November, up 103.5 percent month-on-month, according to data released by the China Academy of Information and Communications Technology.

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