China: Logged On In Limbo

The country's murky foreign-investor policy may hurt its Net growth

It's becoming one of the most critical battlegrounds over the direction of China's economy. With the country shaping up as an explosive growth market for Internet services, diehard state bureaucrats like Information Industry Minister Wu Jichuan want to halt the torrent of foreign investment that has poured into the sector. On the opposing side are reformist telecom officials, some of the world's biggest media and technology companies, and a swelling pack of globally minded Chinese entrepreneurs--all of whom are lobbying hard to keep the Net wide open.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.