Internet Plus in full swing, welcomes foreign investments

Lin Nianxiu, deputy head of the National Development and Reform Commission, at a sub-forum of the ongoing World Internet Conference that runs through Friday. [File Photo]

China welcomes foreign companies to join the tide of the country's Internet development to achieve win-win outcomes, as the sector is now in full swing under the Internet Plus strategy, said a senior official from the country's top economic planner on Thursday.

"The Internet Plus model is able to effectively bridge demand and supply, generating a market of trillions of yuan," said Lin Nianxiu, deputy head of the National Development and Reform Commission, at a sub-forum of the ongoing World Internet Conference that runs through Friday.

Foreign investments are more than welcome in China to help boost the Internet Plus strategy with their complementary advantages, he added.

"Cooperation from home and abroad will generate win-win results", as the country is seeking to streamline the new business format with improved regulations and mechanism, said Lin.

Earlier this year, the country put forward the Internet Plus strategy in a bid to connect isolated industries and upgrade traditional industries amid nationwide reconstructing and transformation.

China has witnessed a rapid development of its Internet industry over the past two decades. The Internet has profoundly affected almost every facet of Chinese people's lives including communication, transportation, and entertainment.

As of July 2015, the number of Internet users had reached 668 million, the most in the world, according to official figures. All cities and towns, and 93.5 percent of administrative villages in China now have access to the Internet.

The thriving Internet industry and the gigantic market potential have also bred countless Internet companies, and some of them, such as Baidu, Tencent and Alibaba, have become international goliaths.

Chinese authorities have attached more importance to the Internet, pledging to transform China from a big Internet nation to a great one. The Internet, with better management, will be more open to the world.