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China plans to bring nation online
BEIJING. Mar 29: China plans a campaign to bring In-dustries, government offices and households online as part of a strategy to make the Internet a more powerful engine for economic growth, reports AP.
Ministry of Information Industry Wu Jkhuan told a conference In Beijing that his agency Intends to rejuvenate" the digital electronics sector and do more to promote communications and software businesses, the official newspaper China Daily reported Wednesday.
With the Information Indus, fry growing at an annual rate of 20 per cent — almost three times the 7 per cent growth rate of the overall economy — China needs to readjust Its economic structure to take advantage of that
dynamism, it cited Wu as saying
At the same time. China is struggling to set up a regulatory system and laws to govern the fast-growing industry: The number of Internet users in China has been doubling every six months for the past two years, rising to 8.9 million people by the end of 1999.
Courts are handling a growing number of cases involving disputes over the Internet, such as copyright infringements and plagiarism of homepages, the newspaper said in a separate report. In one typical case, six prominent authors sued a Web Mte for publishing their novels whiioul authorisation.
The report noted that Web-relatea ta«,es were a "headache" for the courts because (here are
no concrete statutes on Internet use.
The push to bring the country online also has been hampered by a lack of financing and support for Internet-related companies, as well as the government’s own ambivalence over the hard-to-control industry-
At a time when major portals are looking overseas for the financing they have trouble raising back home, regulators are enforcing more strictly than before rules against foreign Investment in Internet firms.
Minister Wu (old the same conference that domestic Internet companies would be required to spin oil all assets and operations related to content services in order to list over-
seas, a ministry official said.
The official, who spoke on condition of anonymity, de dined to elaborate.
But the official newspaper China Securities News noted that Wu hinted that China might change those restrictions once it gains membership in the World Trade Organisation.
Wu did not specify how the policy would affect Internet companies incorporated abroad but with considerable assets and operations Ui China.
This week, two of China's most popular Internet companies officially announced plans for selling shares on the Nas-daq stock market. Another. US-registered Sohu.com. filed documents for a Nasdaq listing with the US Securities and Exchange Commission