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Internet Casts Web Around China

Aired April 16, 2000 - 8:20 p.m. ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.

ANDRIA HALL, CNN ANCHOR: The Internet has begun casting its Net around China. The world of dot.com is growing faster than the country's economy.

CNN's Lisa Weaver reports, even though the opportunities seem endless, there may be some snags in cyberspace.

(BEGIN VIDEOTAPE)

LISA WEAVER, CNN CORRESPONDENT (voice-over): Chip's Internet bubble doesn't look read any to burst anytime soon, entrepreneurs and onlookers in Beijing sharing the thrill of an online industry said to be growing nearly three times as fast as the local economy.

(on camera): It's a coming-out party for dot.coms in China, and there's room for plenty of investors. Part of the excitement here is no one really knows where the limits are in terms of government controls on information. In the competition between free speech and free trade, though, it's clear the lure of the dollar is winning.

(voice-over): The Internet World China 2000 conference drawing scores of international companies to take a closer look at the potential for doing business on the Internet in China.

DUNCAN CLARK, BDA CHINA LIMITED: With our clients, we insist that they do not put all their eggs in one basket, that they basically do business here as they would anywhere else, that they're here to make money, they're here to grow their businesses. We encourage them not to take a long-term approach.

WEAVER: Wireless access to the Internet is one of potential area of growth, because demand for information is greater than the capacity of the regular phone system to deliver it.

ALAN M. MECKLER, CEO, INTERNET.COM: Wireless may be the way to go for countries like China and other countries with huge expanses where they may not necessarily have the telecommunications. So I think that in this case the Internet is not going to suffer the same problems from a, quote-unquote, "distribution viewpoint." If you can get a cell phone in somewhere, you can get the Internet there.

WEAVER: There's another question that investors must consider: Will government interference hurt the expansion of the Internet here? So far, these investors believe there's enough gray area in the regulations to leave plenty of room for profit.

Lisa Weaver, CNN, Beijing.

(END VIDEOTAPE)

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