I think one of the top news recently is google considers to close their office in china because of some "organised" hacking attacks which they deemed to be related to chinese goverment. No one knows if it's true or if it's just a "dance" for business purpose ? but it certainly not fun to both google and china if it happens. China seems to stand strong on this. Anyway, the hottest businesses in china are more about "property" or "stock market" or "export stuffs".
As a chinese myself and a guy who loves IT, I really wish chinese goverment would value more about the IT / service business contribution. Chinese goverment always says they want to increase "consumer consumption". Having a good IT infrastructure will certain help consumer consumption. I found myself shopping more after I discovered ebay / amazon and more more... why ? the price is cheaper, things are very easy to find and I trust the platform. I enjoy the shopping experience. With a good & trustful platform in place, people has more confident in what they buy and surely, they buy more, shop more. Why Alibaba is so sucessful? cos it gives a place where "buyer from the west" find many chinese suppliers in one place and more importantly, Alibaba helps the buyers to seperate good sellers from the bad based on the research Alibaba did.
In business, what make the most money? the service business.. For example, for every toy china made, it earns $1 while the west earn $9 (sales, marketing, financial etc). Who wants to be a cheap labor , who wants to be a human robot forever ? I believe the IT knowledge process the future and move China forward from a "cheap labor" country to a nation with "intelligent people". I believe education & IT investment will generate more jobs & sustainable economic than the "property" or "stock market". I wish google would stay and china's can learn as much as they would from them. Who knows may be the next big thing like google could happen in china rather than the "big property / stock bubble"!
It's just a bit of my own thought after I read a couple of news today regarding the google's incidents. ^_^
http://www.wired.com/epicenter/2010/01/even-if-google-leaves-china-there...
http://www.bloomberg.com/apps/news?pid=20601039&sid=a3zOBCTDDSY0
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