The development of 5G technology, led and controlled by the Chinese communist regime, is a matter or great concern to “U.S. and allied governments,” William Schneider Jr., a senior fellow at the Hudson Institute, warned.

The economist and defense analyst warned that in less than a decade the Chinese Communist Party could have exclusive access to the information on which “three-quarters of the world’s population (6 billion people)” will depend for daily life.

“5G technology will enable a worldwide transition to mobile telecommunication with nearly instantaneous transfer of data,” Schneider wrote in the Sept. 5 article.

“The new dominance of information is simultaneously bewildering and promising,” he continued. “Forecasters estimate that by 2025, three-quarters of the world’s population (6 billion people) will be interacting with data an average of once every 18 seconds,” he said.

“These interactions will take place through ubiquitously distributed 5G capabilities embedded in everyday appliances through the “Internet of Things” (IoT), as well as with the data business that governments provide and often control,” he explained.

The so-called Internet of Things is the concept by which millions of electronic devices are connected or interact through the network of networks, such as smart phones or even new microwave ovens, with the aim of collecting, exchanging, and processing billions of pieces of data from users in a matter of microseconds, reported Epoch Times.

‘Threatening’ information control

According to Schneider, the controversial 5G technology will be “the gateway to control the world’s information infrastructure.”

“The intelligence value of this information from a national security perspective exclusively accessed through a modern communications system dominated by China—5G—is immense and profoundly threatening,” he said.

He also pointed out that “China is positioned to overtake the U.S. as the world’s largest insurance market—a form of financial service that is readily propagated by modern telecommunications technology, particularly 5G.”

He said the Chinese communist regime plans to promote its financial services to developing countries because “it is an increasing focus of technology firms as well.”

The intelligence role that Chinese 5G technology will play “is a matter of great concern to U.S. and allied governments,” Scheneider said, noting that China is likely to propose new initiatives to “to gain control of the global infosphere by linking it to a global Chinese 5G network.”

“Recent U.S. legislative initiatives that attempt to develop competitive offerings to China’s infrastructure efforts, including 5G, remain embryonic and untested,” the expert concluded. “The United States is late to the game, and the time to catch up is short.”