From PCWorld (link): ICANN denies reports that China established its own Internet domains.
China’s Ministry of Information Industry has established a set of new top-level and second-level domain names, according to People’s Daily Online, the Web site of the official People’s Daily newspaper.
The new domain name system took effect today, according to the report. However, ICANN said today that the report that China’s government has established its own Internet top-level domain names is untrue.
See also: (1) From Light Blue Touchpaper blog (link) by Steven J. Murdoch:
On 28 February, People’s Daily Online published an article entitled “China adds top-level domain names”. This suggested that China was going to take over .com and .net and split off from the conventional domains managed by ICANN and operated by Verisign. This appears to be not the case, rather the result of a mis-translation. As pointed out by Rebecca MacKinnon, the new top level domains (TLDs) are .‰∏≠ÂõΩ (meaning “China”) .ÂÖ¨Âè∏ (meaning “company”), and .ÁΩëÁªú (meaning “net”), which do not conflict with any ICANN managed TLDs.
(2) China’s New Domain Names: Lost in Translation by Rebecca MacKinnon.