In the process of embedding traditional manufacturing global value chain, China and other developing countries are easy to fall into the cycle of “captured” and “lowend locking”. Compared with traditional industries, 5G technology has a more prominent impact on the digital creative industry. Based on some leading advantages of China’s 5G technology and industrialization, digital creative industry is expected to become a strategic field to lead China’s new economy from “followup” to “parallel running” and finally “leading”. Based on 5G technology, it is a new research direction to study the theoretical mechanism, influence path, specific performance and function channel of 5G to enhance and reconstruct the global value chain of digital creative industry. Theoretical analysis based on the improved “Diamond Model” shows that the development of 5G and other new technologies will bring revolutionary impact on the global value chain of digital creative industries. 5G and other new technologies can promote the global value chain of digital creative industries through three stages of technological innovation, value addition and status upgrading. Taking music, games, creative design and other sub industries as examples, this paper elaborates how 5G exerts favorable influence on digital creative industries, including reconstructing the global value chain of digital creative industries by improving product technology complexity, promoting exports, and encouraging crossborder mergers and acquisitions. China should grasp the 5G technology development dividend, actively participate in and lead the global value chain reconstruction practice of digital creative industry from the aspects of strengthening content creation, paying attention to copyright protection, and carrying out international cooperation, so as to promote China’s digital creative industry to climb to the top of global value chain.