The Chinese stock market is going through a serious correction, and it’s .
Author: Gerardo Orlando (Page 6 of 14)
News Corp. :
Not sure if this was Murdoch trying to manage expectations but he was emphatic about the difficulties News Corp. faces in China, especially with MySpace. “We don’t do very well in China. … All I would say there is that nobody—and I challenge anyone to argue this—nobody, none of the American media companies or British media companies have made any impact there yet. … It is a vast market, but it is certainly a very, very sensitive one and as we have seen what happened to Google there and what happened to eBay there, it is very difficult, even to—to Yahoo, it is a very difficult market for outsiders.”
According to Forbes
, the online community in China is exploding, behind the United States.
A fast-expanding online population, estimated to hit 136 million by the end of 2006, has been the engine behind China’s explosive growth in the Internet industry despite the government’s water-tight control of the content that can be made public online.
This growth in the nation’s Internet population–now the world’s second largest behind the U.S.–has driven a 47% surge in total online spending, to 276.8 billion yuan ($35.5 billion), according to a comprehensive annual survey released by the Beijing-based Internet Society of China, a national industry business association.
. . . but it might .
After this execution, China has a long way to go on the huma rights front:
Chinese officials have secretly executed a demonstrator who took part in a massive protest in 2004 against a hydro-electric dam in the south-western province of Sichuan, lawyers and family members said yesterday.
In a grim postscript to the summer of rural unrest that overtook China two years ago, Chen Tao was executed for “deliberately killing” a riot policeman during the demonstration, when 100,000 farmers staged a sit-in against the building of the 186-metre-high Pubugou dam on the Dadu river in Hanyuan county. The dam was set to flood thousands of people out of their homes and there were complaints that compensation was inadequate.
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