On page D8: Ricardo Reyes said "We believe that China recognizes the enormous value of online video and will not enforce the regulations in a way that could deprive the Chinese people of its benefits and potential for business and economic development, education and culture, communication, and entertainment.
China is the world's second largest Internet market with a total audience of about 164 million, including those who surf the Web from public computers, according to the research firm Com-Score. Only the United States,with about 182 millin Internet users, has a larger online audience.
China: IPO stock sales in 2008 expected to set record: First time stock sales in China, the world's largest market for such offerings, may break last yar's record in 2008 as more firms traded in Hong Kong are allowed to sell shares on the nation's bourses. The value of initial public offerings will increase to $66 billion this year from $63 billion in 2007, Price-WaterhouseCooper said.
International Energy Agency forecast that China will be the main contributor to incremental emissions through 2030. China and India, which account for 45% of world coal use, will account for more than 4/5 of the increase in global consumption over the next two decades, the IEA said.
Francis Shieh. January 4, 2008
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