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    'Version 2.0' of China's Internet governance (2)

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    2015-12-16 08:29Xinhua Editor: Mo Hong'e

    BOOMING E-BUSINESS

    As one of the greatest inventions of the 20th century, the Internet has turned the globe into a village and profoundly changed the way people live and do business.

    Since 1994, when China gained access to international web service, the country's online population has rapidly increased, and Internet-based business has quickly expanded.

    Boasting 668 million Internet users, China has established the world's largest 4G network and is actively participating in creating 5G standards.

    The Ministry of Commerce estimated that e-commerce sales could exceed 18 trillion yuan (2.8 trillion U.S. dollars) for 2015.

    Alibaba, Tencent and Baidu are among the most successful IT firms in the world.

    Their success is partly fueled by government efforts, including a push for innovation and entrepreneurship, the Belt and Road Initiative, and "Internet Plus," a plan to link traditional industries to the Internet.

    "The Internet is unleashing young people's creativity and helping them achieve their life dreams," said Tencent founder Pony Ma.

    Xi promised on different occasions that China will never close its door to the outside world and that the country is willing to deepen international cooperation in cyberspace.

    "With such a huge market, China is becoming more of a contributor to global Internet prosperity," said Li Xiaodong, head of the China Internet Network Information Center.

    "Improving Internet governance supports the fast expansion of China's online population and e-business," said Du Yuejin, an Internet expert with the China Computer Federation.

    "The world needs to pay closer attention to the development and innovation of China's Internet governance," said Du.

      

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