Faster, cheaper Internet to push Chinese e-commerce
China’s Premier Li Keqiang wants to give the Chinese faster, cheaper Internet access to help fuel the country’s e-commerce obsession and bolster the economy. Though China’s average browsing speeds are still below the global average, the country has made strides in providing faster connections to current users.
Premier Li introduced China’s “Internet Plus” action plan at a press conference during an annual legislative session last week. Making clear he was disappointed with the state of China’s Internet, he said, “It is difficult to imagine how underdeveloped our information infrastructure is.
China’s Internet speeds are well below other those of Asian nations and economic competitors. According to data provided by Internet research and strategy firm Akamai Technologies and business solutions provider China Net Center, the average speeds attained in neighboring countries like South Korea and Japan are more than quadruple China’s. The special administrative region of Hong Kong, which sits just south of the mainland, boasts the second-highest average Internet speed in the world.
Still, China has shown improvement. China Net Center data shows that in just one year, China was able to increase the percentage of geographical areas with access to the highest available Internet speed in the country by 20 percent.