(Yicai) Nov. 26 -- Chinese communication technology stocks surged by their daily trading limits after China set out its latest goals for fifth-generation tech use over the next three years.

Allied Industrial [SHE: 301419], a 5G radio frequency protection devices maker, climbed 20 percent to close at CNY34.96 (USD4.82). Communication devices supplier GHT [SHE: 300711] also ended up 20 percent at CNY23.41, while wireless network operator Sunwave Communications [SHE: 002115] ended 10 percent higher at CNY6.77.

By 2027, China’s 5G user penetration rate will exceed 85 percent, with more than 100 million 5G Internet of Things devices, and with over 45 percent of industrial firms adopting 5G applications, according to the plan released yesterday by the Ministry of Industry and Information Technology and 11 other government agencies.

In terms of infrastructure, the target is to have 38 5G base stations per 10,000 people within three years, with 5G-Advanced ultra broadband networks covering all cities at prefecture level and above, per the plan. Some 70,000 5G virtual private networks will also be set up.

China will push forward further with research, development, and innovation in 5G product applications, including smart robots, cloud devices, extended reality products, smart household goods, and smart auto driving systems.

The latest plan is an upgrade based on a 5G development scheme China released in 2021. Following swift progress in the last three years, China now has a larger 5G network than any other country.

As of Sept. 30, China had a 5G user penetration ratio of almost 70 percent, with 4.1 million 5G base stations in total, according to MIIT data.

Editors: Dou Shicong, Tom Litting