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Economists Comment on China
Special> 2010 in Retrospect> Economists Comment on China
UPDATED: January 5, 2011 Web Exclusive
Xi Guohua:
China's Internet industries have stabilized and expanded
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Xi Guohua, Vice Minister of the Ministry of Industry and Information 

2010 was a key year for China to tackle the global financial crisis and transform its mode of economic development. A significant increase in size of China's Internet industry has become a powerful force for driving China's economic development.

"China has about 420 million Internet users, the largest online population in the world," said Xi Guohua, Vice Minister of the Ministry of Industry and Information. According to Xi, 31.8 percent of China's population has access to Internet, and cell phone netizens have reached 277 million. The number of websites has reached 2.79 million.

The development of e-commerce in China is just starting, with its full impact and influence yet to be felt. 2010 saw the debut of China's first 3G mobile phone network, as well as other significant developments in mobile communication. Future developments will include the exploration of the "Internet of things," a concept which states that nearly every product produced in the future will be connected to the Internet in some fashion.



 
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