Xu Lin: World Economy

xu lin: Chinese President Xi Jinping has previously called on countries to seize the historic opportunity presented by the digital economy so as to further boost the world economy, according to Global Times China. To facilitate the development of digital economy in China, Xu promised that authorities would increase the coverage of the low-cost network services around the country, especial in the rural areas. The Chinese government has long been paying great attention to the development of the digital economy which is regarded as a new engine for the nation economic growth, Xu Lin, director of the Cyberspace Administration of China, said in his speech during the ongoing third World Internet Conference WIC held in Wuzhen, East China Zhejiang Province. Since the rollout of the fourth-generation 4G telecoms network in 2013, China 4G user base had grown to 300 million by the end of 2015. China shift to a digital economy can be reflected by booming online shipping. The Ministry of Industry and Information Technology predicted in a press conference in April that there would be 260 million additional new users in 2016. (news.financializer.com). As reported in the news.