Word: china
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...result, the world's largest Internet company may now find itself shut out of the world's largest Internet market. Its partners are already minimizing any damage by association. Tom.com, a hugely popular portal, is no longer powering its search engine with Google, and China's two largest cell-phone companies are expected to tear up mobile-Internet and handset deals. Advertisers who have paid to reach the desirable demographic catered to by Google.cn - college graduates and professionals - are already feeling bereft. Soon, so will suppliers of music and video content to Google's Chinese service...
...past three decades, since China's opening to the outside world, foreign companies have tried to check politics at the door before stepping into the world's most populous nation. That was the price of doing business - it's what the Chinese government required - and most have been willing to pay it. But Google's rebellion, which includes openly soliciting the U.S. government's support in the fight for Internet freedom in China, has revealed a basic truth that was never far from the surface: big companies in China are welcome as long as they serve the interests...
...truth, for both Beijing and its trading partners, is that commerce is already politicized to an extent rarely seen before. A fight between Washington and Beijing over the value of China's renminbi is part of that. So too are the noises China is making about requiring all government purchases to be from companies that "innovate" in China - a proposal that foreign high-tech companies fear is a way to cut them out of deals. At a moment when Beijing is increasingly confident of its own economic stewardship, these squabbles have the potential to intensify, further poisoning commercial relations...
Read "Who Will Profit When Google Exits from China...
...Containing the Fallout To be sure, the spat with google is an embarrassment for China. It's a fight that "does not exactly promote the image of China as a forward-looking, technologically sophisticated country," according to one U.S. lawyer based in Beijing, echoing a common sentiment. But at the same time, Chinese authorities must be hoping that the dispute can be contained. After all, with a mere 2% of its $26 billion in revenue derived from China's search business, Google is one of the few multinationals that can take a principled stand...