Network News

X My Profile
View More Activity

China readies for Google pullout

By John Pomfret

BEIJING -- The Chinese government on Tuesday appeared to set the foundation for Internet giant Google to pull out of China, with one spokesman contending that the company's potential departure would be an "individual business act" and another warning Google to obey Chinese law whether it leaves China or not.

The comments -- by the spokesmen for the Ministry of Foreign Affairs and the Ministry of Commerce -- followed strong indications that Google, which has been locked in a dispute with the Chinese government over censorship, was preparing to leave China.

Chinese online advertisers are advising their clients to switch their accounts to Google's Chinese competitor, Baidu. And government officials from several ministries have privately predicted that Google soon would shut down its operations.

Shares of Google fell nearly 3 percent in regular trading Monday to close at $563.18, Reuters reported. Shares of Baidu, the No.1 search engine in China, rose 4.8 percent to $576.84.

Readhere for full story.

By Cecilia Kang  |  March 16, 2010; 2:08 PM ET
 
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: FCC Republican member warns against too many rules, reclassification
Next: President Obama hails broadband plan

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company