People’s Daily: Investing in China’s Internet industry: opportunities and competition

From People’s Daily Online:

Computer or web illiteracy is the biggest barrier denying the access to the web in China. But progress has been made. In big cities even children begin to learn to use computers and the gray population shows increasing interest in Internet.

At the end of 2004, netizens, those who surf on the Internet, reached 90 million and this number is growing at an annual rate of 27 percent. The spread of computers will bring more people onto the cyberspace. The market represents enormous potential.

But the competition is intensive. The Internet sector is so complicated and heading forward so fast here that its trend is hardly predictable.

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