China could block the operations of some of the internet’s biggest names in an apparent bid to take more control of the net economy. Yahoo!, eBay and Google all operate in China.
Foreign companies must already allow Chinese investors to own 50 per cent of all ventures in the country, and the government has begun to make announcements hinting that it will further restrict trade.
A state-owned newspaper reported that a clampdown on foreign-owned internet companies was imminent and that some foreign companies could be stripped of existing operating licences. Regulators told the paper that unauthorised foreign investors are using shared or borrowed licences to operate, against the rules, according to the Associated Press newswire.
The Ministry of Information Industry has also posted a notice on its own website instructing companies to fall in line with the laws regarding their Chinese operations, though it does not specify which companies it believes are breaking the law.
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