LINE

Text:AAAPrint
Economy

Regulator: Digital door open to law-abiding firms

1
2016-11-18 08:36China Daily Editor: Mo Hong'e ECNS App Download
A woman uses Uber Technologies Inc's car-hailing service via an electronic screen in Tianjin.(Photo/Provided to China Daily)

A woman uses Uber Technologies Inc's car-hailing service via an electronic screen in Tianjin.(Photo/Provided to China Daily)

Chief of cyberspace administration swears by multilateral ties

China welcomes foreign companies and entrepreneurs who are willing to develop new products and services in the world's second-largest economy as long as they respect local laws, the head of the country's internet regulatory body said on Thursday.

"Being open and cooperative is the only way to promote the development of digital economy. China will step up efforts to push forward bilateral and multilateral digital economic cooperation projects," said Xu Lin, minister of the Cyberspace Administration of China, at the ongoing third World Internet Conference in Wuzhen, Zhejiang province.

Digital technology is playing an increasingly important part in driving China's economic growth. According to a report released by the China Academy of Information and Communications Technology, the size of the country's digital economy reached 18.6 trillion yuan ($2.7 trillion) in 2015, second only to the United States.

Xuan Changneng, assistant to the chairman of the China Securities Regulatory Commission, said stable and healthy development of a multilevel capital market will provide strong support to the digital economy.

"The commission will accelerate reforms to facilitate domestic companies that want to get listed on foreign (stock) markets. We will encourage enterprises to make good use of both domestic and international capital markets and resources," he said.

Neil Shen, executive partner of Sequoia Capital, said in China, the mobile internet technology is most widely used.

"New-economy models, especially the booming sharing economy, are revolutionizing our lives," Shen said.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.