China has dynamic Internet sector: EIU

"China clearly has a very dynamic Internet sector, and is a world leader in segments such as mobile Internet," said Duncan Innes-Ker, regional editor for Asia at the Economist Intelligence Unit (EIU), told China Daily in London on Tuesday.

Online commerce is transforming the domestic retail sector in exciting and challenging ways, he said.

"The Internet sector is also notable as being one part of the Chinese economy that is dominated mostly by private sector players, which may be part of the explanation for its dynamism and innovation."

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.