CNN —China has started to roll out what it’s calling the world’s most advanced internet network, which promises to operate several times faster than current networks. But a more robust, faster internet service has broad implications for businesses, faster information transfers, stock trading advantages and other national security implications. A backbone network is network infrastructure that moves internet traffic to different geographic locations, and can support hungry-data transfers from technologies such as 5G and electric vehicles. The new network runs on 1,800 miles of optic fiber cables between Beijing and the south, according to a translated press release. Jinping previously said the development of the backbone network will establish the country as “a cyber power” and “accelerate the promotion of core Internet technologies,” the press release said.

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Persons: Biden, Xi Jinping, Jinping, Wu Jianping, Brian Fung, Juliana Liu, Wayne Chang Organizations: CNN, Huawei, China Mobile, Beijing’s Tsinghua University, Cernet, Tsinghua University Locations: China, Beijing, San Francisco