>From IBD's Dec. 27 issue:
"China hopes to spur Internet use by slashing long-distance rates"
Plans to cut long-distance telephone rates more than 50%
would hurt revenue for China's dominant state-owned carrier.
But it should also spur new Internet and telecom industries,
state media said. The changes also cut charges for Internet
access and leased lines. State media described the cuts as
the biggest change for Chinese phone bills in 51 years of
communist rules. Charges should fall by some $3.6 billion
a year."
Other for IBD:
"China's GDP will grow 7-8% next year because state-owned
firms will keep improving efficiency and consumer spending
will rise, the China Business Times said, citing government
reports."
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