In the modern days, the Internet has made information available in a quick and easy manner, publicly accessible and within easy reach. It has revolutionized communications and social networking, creating a zone which was so international that new law had to be designed to govern it. Day by day internet usage is becoming increasingly popular. The importance of Internet is always a successfully established and managed service from a common perspective.
The Internet is playing a great role in the development of the country. The Internet provides the underpinning platform for the growth of ICTs and for an emerging digital economy, in which production, distribution, and consumption depend on broadband networks and services. It will, therefore, be a critical enabler of sustainable development.
China today launched 100 billion yuan (USD 14.6 billion) investment fund to support Internet firms expand their operations.
The Cyberspace Administration of China and Ministry of Finance fund will help internet companies and the Internet plus action plan thru equity funding, in step with the Industrial and Commercial Bank of China (ICBC), certainly one of the largest investors in the fund.
The fund has already brought up 30 billion dollars yuan from state-owned financial institutions and businesses, such as the ICBC, which spent 10 billion yuan.
The ICBC, together with the China Development Bank and the Agriculture Bank of China, will offer financial solutions and 150 billion yuan of credit to businesses that have drawn financial commitment from the finance.
The China Internet Network Information Center statements that China’s Internet inhabitants have hit 731 thousand last year, with 695 thousand of them using telephones.