A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 159 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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5G: The chance to lead for a decade

The study by Deloitte proves that China will dominate in the sphere of wireless communications of the fifth generation in the nearest decade. China is making massive investments and building 5G network site density at an unprecedented rate. The U.S. still has a chance to turn the tide of battle for the billions-worth market but this will be extremely hard to do.

According to calculations by Deloitte, China built 350,000 new sites since 2015, while the United States built fewer than 30,000. Another fact which works in China’s favor is that the equipment necessary to add a 5G carrier in China is about 65 percent the cost of adding a carrier in the United States. This suggests that the United States would need to spend 2.67 times the amount that China spends to generate an equivalent amount of wireless network capacity. Moreover, Deloitte experts believe that spending on 5G infrastructure in China is likely to grow further in the nearest future. This means multibillion-dollar investments in communications infrastructure.

The United States currently has 4.7 5G sites compared to China’s 14.1 sites per 10,000 people. Of significant interest is the speed at which China is constructing new wireless sites to add capacity to its digital infrastructure. Deloitte experts conclude that the United States underspent China in wireless infrastructure by $8 billion to $10 billion per year since 2015. With 5G, cities will become truly smart as this technology will allow numerous sensors and detectors to exchange data in a fast, effective, and low-loss way. Experts emphasize that the economic potential of the technology is immense. The report by Deloitte is intended to serve as a warning that China and other countries may be creating a 5G tsunami, making it near impossible to catch up. Policy makers, carriers, and industries with the most at stake should move now to streamline policies and processes and collaborate with ecosystem players to help create efficient solutions to investment barriers.
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