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FRESH NEWS FROM THE CHINA INTERNET MARKET
China News
Since middle of the 90's China lead a quantity of well known network and web pages, that corresponding to the procedure of the press media its business, supposed already shape and practices a large social influence with different reportings from. Network and/or web pages of many notable traditional media were regulated and regrouped with the goal of to corresponding gradually to the working rules of the internet medium. It gives in China over 700 traditional media, that arranged its own web pages with independent labels (domain name). Experts predict that within the coming 10 to 20 years the influence of the internet medium could exceed that of the newspapers, periodicals, the broadcast and the distant marriage. Approximately the number will reach of computers, that are connected with the internet, to the year 2005 in China 40 million. The number of the data, Multimedien- and internet-user would be allowed to climb on 200 million. About 15% of the population will use then the internet in China.
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China Investment buying stake in Teck Resources (AP)
AP - Mining company Teck Resources Ltd. said Friday it is selling a 17 percent stake to China Investment Corp. for 1.74 billion Canadian dollars ($1.5 billion) in a bid to reduce its debt.New bubbles rising in China property market: state media (AFP)
AFP - China's recent moves to ease curbs on the real estate sector have sent prices soaring recently, stoking fears that new property bubbles are forming, state media reported Friday.Contractors blamed for Shanghai building collapse (AFP)
AFP - A Shanghai building which collapsed last week, killing a construction worker, did so because contractors had recklessly shifted the earth at its base, the city government said.China says deadly bus fire was deliberately set (AP)
AP - A Chinese bus fire that killed 27 people and injured dozens last month was deliberately set by a man who committed suicide, state media said Friday.China students upset over mandatory summer drills (AP)
AP - Until last week, Alice Li's summer plans were simple: work part-time at a convenience store, study for graduate exams and go to the amusement park with friends.USTR investigating reports China blocks U.S. poultry (Reuters)
Reuters - The U.S. government is concerned about industry reports that China will stop issuing import permits for chicken, a spokeswoman for the U.S. Trade Representative said Thursday.
