Economy

Chinese President Jinping Welcomes Global Internet

Chinese President Jinping Welcomes Global Internet

The report also ranks China as second in global internet development and innovation behind the United States and 23rd in cybersecurity, and gives insight into how China sees its internet development. Chinese President's views were presented at the country's biggest public cyber policy forum held in the town of Wuzhen in eastern China. The ruling Communist party has also imposed stringent regulations on foreign Internet companies that force them to store Chinese data inside the country.

Xi pointed out that the development of the internet has posed many new challenges for the sovereignty, security, and development interests of the world's countries.

According to a state-supported internet think tank on Monday, China is now the fifth country amongst 38 nations worldwide which has a standard for cyber governance.

"China's door to the world will never close, but will only open wider", he said.

China has welcomed world countries to ride fast train of internet and digital economy, which is inspiring, said Vallobh Muangkeo, Secretary General of National Assembly of Thailand.

More news: Institutional Investors Are Betting On Corcept Therapeutics Inc (NASDAQ:CORT)

Chinese regulators opine that new laws and tightened regulations align with worldwide rules and implemented with an objective to protect personal privacy and counter attacks on the infrastructure.

"China stands ready to develop new rules and systems of internet governance to serve all parties and counteract current imbalances", said Wang Huning, a member of the Communist Party standing committee at the event.

The conference, which runs from Sunday to Tuesday, has the theme "Developing digital economy for openness and shared benefits - building a community of common future in cyberspace". However, he also called for China to "join a common future in cyberspace".

China's internet governance initiatives include strict new censorship and surveillance curbs introduced this year that target news outlets, social media and individuals on the net.


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