The 2014 China Internet Conference has wrapped up at the Beijing International Convention Center. This year’s theme was “Create Infinite Chances”.

The annual conference is a platform for promoting exchanges and cooperation in China’s Internet industry. The first was in 2002. Internet business leaders, government officials and representatives from the Internet Industry Association discussed hot issues such as wearable devices, automobile connectivity, and international finance.

This year, China is marking 20 years of being officially on-line. By June, its penetration rate of internet users hit almost 50 percent. The Ministry of Industry and Information Technology says internet infrastructure needs further development and the country will speed up the development of 4G technology.

Authorities also say private investment will be encouraged in the telecommunications industry. Internet safety was emphasized as well. Creating appropriate laws and regulations will be one of the major tasks for the government.

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