China's cyberspace regulator has noted that the internet economy has become china's largest economic growth point. Last year saw remarkable achievements in internet development.
Zhuang Zhenhong from IT company 21Vianet Group is a witness of the rapid development.
"Internet companies have already seen very clear policy guidance. Business process involved with the government is quite smooth, and this makes it easier for us to do business. Another big change is that China's internet services are gradually going out. The internet sector is trying to interact with other countries in the world."
To strengthen supervision of the sector, the Chinese government specially established the Office of the Central Leading Group for Cyber Affaires last year, headed by Chinese President Xi Jinping.
As of 2014, China had nearly 650 million internet users.
It also had more than 400 million websites nationwide and over 13 trillion yuan in e-commerce transaction value, more than two trillion US dollars.
Four of the world's top 10 internet companies are based in China.
However, with rapid development of the internet, problems like cyber rumors, network security, and cyber-extortion have gradually emerged.
Ni Guangnan is from the Chinese Academy of Engineering.
He thinks it is important to promote legal supervision in cyberspace.
"Just like 'the rule of law', we should also step up cyberspace management by legal means like formulating laws and regulations. As we just started this process, we can learn from developed countries because they have more advanced and effective measures in this aspect."
At the banquet, the head of the Cyberspace Administration, Lu Wei, reiterates that China will firmly safeguard its cyber sovereignty and network security through legal means.
He also called on every country to respect and support each other in cyberspace management.
"We live in one common cyberspace which is composed of each country's networks. Only when every country performs its duty well in handling cyberspace safety can our shared cyberspace be safer and more orderly. So what we need is mutual respect and support."
Lu also says China welcomes foreign investment as long as Chinese law is obeyed.
135 envoys from 79 countries and more than 60 representatives of foreign companies attended the Cyberspace regulator's reception in Beijing.
For CRI, I'm Wang Wei.
