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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Francois Goelo who wrote (15068)	9/15/1999 10:17:00 AM
From: StockDung	Read Replies (1) \| Respond to of 52051

China May Ban Foreign Investment in Internet Service, AWSJ Says Beijing, Sept. 15 (Bloomberg) -- China may ban foreign investment in Internet access or content service providers in mainland China, the Asian Wall Street Journal reported, citing Wu Jichuan, head of the nation's Ministry of Information Industries. The move could potentially force a number of well-known Internet, media and financial firms to divest themselves of investments in that fast-growing industry, including America Online Inc., Intel Corp., News Corp., Goldman, Sachs & Co. and Dow Jones & Co. It may also complicate China's efforts to join the World Trade Organization, and hand that industry to Hong Kong, the paper said. Many so-called Chinese web sites are registered outside of the Chinese mainland; it remains unclear how the possible ban would affect companies such as China.com Corp., a Nasdaq-listed Internet company controlled by China's official Xinhua News Agency. (Asian Wall Street Journal, 9/15/99, p.2; www.awsj.com) Sep/15/1999 3:43 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.