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December 19, 2015

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Wuzhen initiative on Internet future

THE Second World Internet Conference closed yesterday with the release of the Wuzhen Initiative.

This calls on all countries to promote Internet development, foster cultural diversity in cyber space, share the fruits of Internet development, ensure peace and security in cyber space, and improve global Internet governance.

Lu Wei, head of the Cyberspace Administration of China, announced the conclusion of the three-day event in Wuzhen, a town southwest of Shanghai in east China’s Zhejiang Province.

Opening the conference, President Xi Jinping had urged all countries to cooperate in respecting Internet sovereignty, safeguarding cyber security and improving Internet governance.

“The conference was fruitful and conducive to closer cyber space cooperation,” said Ren Xianliang, vice director of the State Internet Information Office.

More than 2,000 government officials, organization leaders and entrepreneurs from home and abroad discussed Internet governance and explored cyber space cooperation during the meeting.

Conference participants, who included a number of China’s top technology and Internet entrepreneurs, said Chinese high-tech firms were expanding overseas at a greater speed to tap opportunities created by the “digital Silk Road.”

China’s Belt and Road strategy will set up a new “digital Silk Road” to connect 64 countries and regions that could attract a total investment of 5.5 trillion yuan (US$860 billion) and create huge business opportunities for Chinese high-tech firms, said Stephen Ho, president of the Pacific Telecommunications Council, a non-profit body with 3,400 members in 45 countries.

“In the digital Silk Road, there are undeveloped regions without basic IT infrastructure,” he said.

“But it brings huge business opportunities because they can adopt the latest technologies.”

“The Internet brings Chinese companies a unique opportunity to change the world in the next decade,” Fu Sheng, chief executive of Cheetah Mobile, told the conference.

Yu Chengdong, Huawei’s consumer business group president, urged Chinese companies to invest heavily in research and innovation when they plan to expand globally.

“Innovation and IPR (intellectual property rights) are bridges for local firms to the global market,” Yu said.

Huawei invests about 10 percent of its revenue a year on research and has set up 16 research centers around the world.

It is estimating sales of 100 million smartphones globally this year, to rank third behind Samsung and Apple.



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