Xi's speech: Reactions from the ground

Xi's speech inspirational: Sun Taoran

Sun Taoran, president of offline payment solution Lakala, said on Wednesday he was impressed by President Xi Jinping's speech at the World Internet Conference.

"I was impressed by two parts of the speech. One was about his comments on Internet security. I think security is particularly important in online finance. There has to be a balance. When we try something new, there also needs to be risk management. The second part was about connectivity of Internet. Internet is supposed to connect people for the common good. It's the people who should be benefit from the Internet age, " said Sun.

"It was definitely an inspirational speech. It means a lot to the dotcom industry for three reason. First, at the age when IT industry changes everything, new tech makes it possible for online financing to do what traditional financing cannot do. Moreover, information technology only makes sense in China when 1.3 billion Chinese people can benefit from it. Online financing is helping with it, using technology for bigger good. Third, the Internet Plus initiative will make online financing industry's development is truly customer-friendly."

China determined to use Internet to become more open: Researcher

The determination of China to use Internet to become more open is unquestionable, said Wu Jiangang, a researcher from CEIBS Lujiazui International Finance Research Center.

Here's what Wu said after President Xi Jinping's speech at the opening ceremony of the 2nd World Internet Conference, in Wuzhen, Zhejiang province, on Wednesday.

Openness and sharing is in the gene of Internet. China is using Internet to promote a more modern economy, a more open society and a more enlightened politics.

Though China is now in a better situation, with a positive outlook, it still needs to be cautious and better run in small steps.

On the World Internet Conference, Chinese President Xi Jinping proposed that states around the world should strengthen communication, expand consensus, deepen cooperation and work together to build a common destiny in cyberspace. Internet essentially belongs to all mankind.

China large-scale application of Internet is not only bringing more business ideas，more cheaper technological innovations and cheaper technological applications but also management experience, which is a welcome and happy thing.

Xi's speech warms integrated circuit industry: Xu Jinghong

It can be told from President Xi Jinping's speech that the government has made integrated circuit industry one of the instrumental tech sectors, said Xu Jinghong, president of Tsinghua Holdings.

Integrated circuit technology lies in the core of cyberspace infrastructure and the establishment of different online platforms, Xu said.

"We want to make a clean and safe cyber world. We want to make better computing tech. Only through integrated circuit sector can all of these happen," he said.