Stock quotes of the Chinese company ZTE jumped to a maximum of two years on the back of the vendor's statements regarding plans for the development of the 5G-infrastructure, reports The South China Morning Post.

Chairman of the Board of ZTE, Yin Yimin, speaking at the annual meeting of shareholders, said that ZTE intends to increase investment in 5G and provide improved quality of service to large customers in strategic for the company's markets.

"ZTE will increase competitiveness in the world market and strengthen its position in the industry," promised ZTE CEO.

Following this, ZTE's stock price rose more than 5% to reach HKD 18.5 (about US $ 2.4), the highest value in the last two years.

Analyst Jefferies Edison Lee (Edison Lee) predicts increased competition between ZTE and the leading manufacturer of telecommunications equipment Huawei, a long-standing rival of the company. According to the expert, ZTE has a chance to increase its share in the Chinese market through new contracts with leading Chinese operators China Telecom and China Unicom.

According to the forecast of the China Academy of Information and Communications Technology (CAICT), the total cost of deploying 5G networks in China in the period from 2020 to 2030 will be 2.8 trillion yuan (411 billion US dollars). At the same time, the total costs of the 5G infrastructure for the three leading operators of China Mobile, Unicom and China Telecom in 2023 will peak at 313.3 billion yuan (about $ 46 billion).

Analysts IHS Markit, in turn, predict that in the period from 2020 to 2035, the US and China will be the leader in terms of capital investment and spending on research development in the field of 5G. It is expected that over a 16-year period, the total investment of the United States will reach $ 1.2 trillion, and China - 1.1 trillion dollars.