Thursday, December 07, 2006

The Chinese Internet

From Line56:

"When it comes to the Internet economy, China is the elephant in the room.

Sometime this year, according to's Dr. Charles Zhang, Chinese Internet users surpassed U.S. Internet users in number. We have roughly 154 million Internet users and China could have as many as 200 million."

"The Chinese government realizes the importance of developing the country's infrastructure so as to enable the growth of the Internet. China has committed $127 billion to advanced telco development over the next five years. By way of contrast, this is about how much money the U.S. spends annually to prosecute the war in Iraq (minus hidden and indirect costs)."


At 8:31 PM, Anonymous Penny stock neswletter said...

I would like to suggest a stock it trades around 3.00 dollars under the symbol PFSW. The company is engaged in procurement of services related to the internet. I believe that the stock could get to 31.00 dollars a share over the next five or six years.


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