The European Commission, and the Ministry of Industry and Information Technology (MIIT) of the People’s Republic of China (hereinafter referred to as “two sides”) emphasised that the communication infrastructures are essential for the digital economy and society. The two sides recognise the importance of the timely development of the fifth generation of mobile communication networks (5G) which will be the backbone of the future digital society, creating more and better employment opportunities, and contributing to a sustainable economic growth for the mutual benefit of the European Union (EU) and of the People’s Republic of China (China). Each side stressed the need to provide the organisations of the other side with comparable access conditions and participation in 5G publicly funded research, development and innovation as well as reciprocal market access in the field of communication networks. They agreed to report on a yearly basis about the effective participation of entities in the EU and in China and to solve potential problems together. They undertook to secure an equivalent level of industrial openness in the EU and in China for the 5G industrial associations that are steering the implementation of R&D, and notably 5G Infrastructure Association and the IMT-2020 (5G) Promotion Group. The two sides envisage enhanced cooperation in the area of 5G, fostering global consensus on the definition of 5G, developing common interests in research activities, harmonising radio spectrum policy to ensure global interoperability and preparing global standards for 5G.