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CHINA AND THE INTERNET:
How will they change each other in the 21st century?

Virtual China Forum #1 asked businessmen, digerati, diplomats, economists, publishers, artists and scholars to imagine the impact of China and the Internet on the 21st century. Replies came from Internet guru Esther Dyson and Harvard economist Yasheng Huang, among others. The forum is still active. Most recently, Morgan Stanley's Barton Biggs and editor of Streetlife China, Michael Dutton, added their views.

Add your view to VCF#1 by sending an email to forum@virtualchina.com, or tackle question #2:

Given the official ban on foreign investment in China's IT sector--notwithstanding the tremendous IPO success of China.com in July, and the rise of online trading services--are Chinese Internet companies a safe investment?

Reply now, or, if you want to research the question before you reply, link to articles on the subject.




Beijing Reaffirms Ban on Foreign Backing of Internet Companies
By Douglas C. McGill

A high-level telecommunications official reiterated yesterday that foreign investment was banned in Internet companies in China.

"China will not allow inflows of foreign venture capital into the country's Internet market," Zhang Cunjiang, an official with the Ministry for Information Industry (MII), told the China Daily newspaper.(more)



HyperCommentary
Daily takes on Trade and Finance

Douglas McGillWho would be so bold as to pronounce all China stocks a roaring good buy? A leading securities brokerage in Hong Kong is advising clients to go "blanket overweight" on Shanghai, Shenzen, and Hong Kong H-shares.. See Douglas C. McGill's Stir Fry.

Jonathan LandrethChina just bought 27 million tons of crude oil. What's going on? Also the latest from Li Kashing, Trent Lott, Lawrence Summers, and more. . See Jonathan Landreth's Trading Views.


Your opinion, please

We continue to solicit and receive answers to the question we posed during our inaugural week:

By 2020 there will be more people on the Internet in China than in the United States. How will the Internet change China and its relations with the rest of the world? How might the Chinese change the Internet itself?

We will officially open the Virtual China Forum this Tuesday with additional postings. If you'd like to participate, you may email your response to forum@virtualchina.com or call us in New York at 212-226-0950.


Did You Miss It?

In case you missed our inaugural opening two weeks ago, we've still got our opening articles online:

Confucian BusinessmanOct 8: Why China Matters
Oct 7: The Confucian Businessperson
Oct 6: Xu Bing, 'Twixt East and West
Oct 5: The Net, China's New Open Door
Oct 4: Where is China?

Oct 1: Letter of Introduction


Stay Tuned...

If you've enjoyed our Trade and Finance sections, and our just-opened InfoTech section, stay tuned for bigger and better things to come! The following channels will be opening soon at Virtual China:
  • November 8: The Travel Channel
  • November 15: The Entertainment Channel
  • December 6: The University Channel


About Virtual China
Top News Stories

China Will Buy 28 Airbus Jets for US$28 Bln
The announcement was made at a brief news conference at the Lyon airport during the Chinese president's visit to France as a part of his 17-day European tour.

U.S. Treasury Secretary, Chinese Premier have "Warm" and "Candid" Talks
The meeting was the first cabinet-level visit from the U.S. to China since NATO bombed the Chinese embassy in Belgrade in May.



More Feature Articles
China's True Population? Take 1.2 Billion People -- Then Add Brazil
Here's a pop quiz: "How many people live in China today?"

Chinese on the Moon?
Will China be the third nation in human history to put a man into space? Will it be the second nation to land an unmanned lunar module? Will it put the next man on the moon? "Almost certainly," "very possibly," and "just maybe" are the answers to those questions, respectively.

Featured Book
The China Reader
The China Reader

China is not a monolith; it is a Hydra-headed chameleon. Suspect any book that promises to deliver an easy, comprehensive picture of China in the post-Mao period, or offers hype and speculation about China's future as an economic or military superpower. Read this vibrant, multifaceted collection instead.

Available at Amazon
(paperback, US$12.80)

Browse the Bookstore


New English Calligraphy

The calligraphy at the top of this column is by Xu Bing. Read an interview with the artist.

China Matrix

China Matrix has been reborn as Virtual China's Information Technology Channel. Mailing list service resumes this weekend.

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  info@virtualchina.com

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