This is generally referred to as 50Gpbs. It's impressive, but there's no need to use inappropriate scales.
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50,000,000,000 baud communication!
That's "useful" when you can effectively only use it for Baidu, rednote, TikTok (the local version that's isolated from the rest of the world) and WeChat
It’s easier to roll out if no one can saturate it!
The Chinese gaming market is gigantic though and their 500 million gamers certainly need good internet.
The current maximum speed per single-mode single-core fiber (aka, the typical FTTH ones), is on the order of 400,000,000Mbps, or 400,000Mbps per channel. Not much leapfrogging there.
https://en.m.wikipedia.org/wiki/Fiber-optic_communication#Parameters