MOSCOW. (Dmitry Kosyrev, RIA Novosti political...
Chinese government must have thought that was too fast and jammed on the brakes by tightening conditions of bank loans.The news from China sent Dow Jones down 1.14%, and Nasdaq down 1.26%., showing that tensions with China could backfire.
With regard to the notorious Google case, it is getting clearer now. The company, which apparently has managerial problems in China, has tried to disguise them as moral or ethical problems. They tried to resolve these problems by appealing to the part of American society that still thinks it is living in the last millennium (or the George W. Bush era) and still believes that America can dictate standards and preach morals.
The result proved the opposite. With access to the Internet, it takes almost no time, even without being able to read Chinese, to browse Chinese sites and see what the 400 million local users write to each other and the world online.
Moreover, the Google story is especially interesting because
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