China’s Web Economy Will Surpass Western Countries Due to Cultural Uniqueness – David Bandurski

From China Media Project:

A top official from China’s official agency in charge of press and publishing suggested in an interview with the overseas edition of China’s official People’s Daily that China’s unique cultural character made it particularly suited to the development of a Web-based economy, and that he expected the country’s Web economy to surpass that of many Western countries.

Kou Shaowei (ÂØáÊô쉺ü), a top official in China’s General Administration of Press and Publications (GAPP) in charge of audiovisual content and Web publishing, said China’s Web-based economy was growing rapidly, particularly in the areas of SMS messaging and online games. China’s online game industry was worth 6.5 billion yuan (US$830 million) in 2006, he said, up 73.5 percent on the previous year and substantially surpassing estimates. “In terms of software development, we still lag behind other countries, but when you talk about the new levels of business at online game companies in China, many Western colleagues voice their admiration,” said Kou….[Full Text]

-Chinese post here.

February 15, 2007 8:55 PM
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