China's internet industry is experiencing its "golden age" after three decades of remarkable growth, according to Shang Bing, president of the China Internet Association.

Shang made the declaration at the opening ceremony of the 2024 China Internet Conference launched in Beijing on Tuesday.

Over the past 30 years, China's internet has transformed from its infancy into a robust, world-leading network. Fixed broadband penetration has reached an impressive 110.2 percent, exceeding 100 percent due to multiple subscriptions in some households. Additionally, the 5G network now covers over 90 percent of China's counties.

This growth is reflected in user numbers, with three-quarters residents, or nearly 1.1 billion people, now connected to the internet.

The internet has also spurred the development of related technologies. Shang highlighted advancements in large AI models, advanced semiconductor chips and ongoing research into 6G.

Beyond technological innovation, the internet has significantly improved people's lives. Shang pointed to the convenience of smart devices, online shopping and ride-hailing services. The internet has also facilitated the widespread adoption of remote work, boosting business efficiency.

"The world is witnessing unprecedented technological advancements," Shang remarked at the conference. "Emerging information technologies like AI are reshaping both the digital and physical worlds. The future of the internet industry is undeniably bright, poised for even greater influence."