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Wuzhen to host 2nd World Internet Conference

The eastern Chinese town of Wuzhen will be hosting the Second World Internet Conference from the 16th to the 18th of December. President Xi Jinping will attend and deliver a keynote speech at the opening ceremony.

Wuzhen, an ancient Chinese town dotted with old-style houses is gearing up to host a summit on the newest industry, the Internet.

China says the conference will not just be attended by internet tycoons from over 100 countries and regions, but also senior Chinese and foreign officials, including Chinese President Xi Jinping.

“Altogether there will be over 2,000 guests,” Lu Wei, Minister of Cyberspace Admin. of China said, “and half of them coming from abroad, including eight heads of state and nearly 50 ministerial officials, including prime ministers from Russia, Brazil, Kazakhstan, Kyrgyzstan and Tajikistan.”

Chinese officials say the conference will cover hot issues such as the spread of Internet culture, innovative development of the Internet, digital economy cooperation, Internet technological standards and cyber governance.

“A key message China wants to send out is to build up a sense of common destiny in boosting cyber security. China says that because of the global nature of the Internet, no country can stay aloof from the threats of cyber attacks.”

According to a PwC Global State of Information Security Survey released on Tuesday, companies in the Chinese mainland and in Hong Kong are waging a serious war against cybercriminals.

The number of detected security incidents in China surged over five times in the past 12 months, hitting 1,200. That’s compared to around 250 incidents in 2013.

The financial loss caused by cybercrimes in China rose 10 percent from last year to two and a half million US dollars, compared with a 5 percent decline globally.

“China is willing to shoulder the responsibility of a major power and is calling for global cooperation to meet the growing challenge of cyber security.” Lu said.

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