The Global Mobile Internet Conference (GMIC) was held at the National Convention Center in Beijing, and Huai Jinpeng, Vice Minister of the Ministry of Industry and Information Technology, made a keynote speech. Huai Jinpeng pointed out that China will surpass the United States this year to become the world's largest mobile phone market. Our mobile phone has over 1.2 billion users, of which 900 million are used for internet access, with an internet coverage rate of over 40%. He pointed out that China's mobile Internet has been ready, and mobile Internet will create a new world of difference.
The following is the full text of the speech:
Huai Jinpeng: Respected Chairman Gao, distinguished guests, ladies and gentlemen, good morning everyone! It's a great honor to attend the GMIC Beijing Summit, which is also my first time to attend the Global Mobile Internet Conference. Just imagine that seven years ago it was just a baby, but just watching its promotional video, it really reminds me of its theme. I want to tell it later that everything will move the world.
First of all, on behalf of the Ministry of Industry and Information Technology, I would like to extend my sincere congratulations on the opening of this summit, as well as my sincere thanks to all the distinguished guests, entrepreneurs and friends at home and abroad who have been promoting and supporting the development of China's mobile Internet technology and industry. Are we prepared to move all things and move this world? I think I have a few viewpoints to share with everyone.
First, China's mobile Internet is in the midst of vigorous development and promising opportunities, and the global mobile Internet is developing rapidly, which is also the 11th place in the world to create a new space of trillion dollars, reaching 1.8 trillion dollars. After the launch of 4G last year, China Mobile Internet has suddenly become the world's second largest market. This year, it will surpass the United States and become the world's largest mobile phone market. Our mobile phone has over 1.2 billion users, of which 900 million are used for internet access, with an estimated internet coverage rate of over 40%. In particular, the development of mobile Internet has driven the development of our chips, computing and storage chips, as well as the development of sensors and display chips. For example, Qualcomm is one of them. In addition, Huawei Hisense in China is also expanding the development of integrated circuits. Just now, Hong Jiang told me that they have a newly established company, which has created 160 million mobile users every day in a year and a half, becoming the fourth largest brand in the world, in the whole mobile Internet. With such a scale and such a development speed, I think China's mobile Internet is ready. Second, the mobile Internet will create a new world that is different from others. I personally think that the Internet and its previous technologies provide us with an infinite space for positive integration, production factors and technological development, while the mobile Internet is creating and reverse aggregating the elements of productivity, which will bring us a completely different new world.
So the second sentence I want to say is called the mobile reform world. It not only connects people through the past, but more importantly, it integrates production factors in reverse, nurturing greater and broader innovation. It will overturn or transform the production factors of our traditional industries, from B2C in the past to channels, advertising, and production