Industry creates enormous opportunities for rest of world

The growth of China's internet industry has benefited from and contributed to economic globalization, said Li Xiaoqiang, general manager of China Internet Investment Fund Co Ltd.

On one hand, the world is speeding up the process of technological integration to bolster efficiency and push along an upgrade in the economies, with China having invested more in information technology research for the mutual benefit of the global community, Li said.

"At the frontiers of 5G, artificial intelligence and supercomputing, new technologies are increasingly being applied collectively regardless of the restriction of national boundaries," he said.