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Google opens China rep office; Reuters editors need to study Business in China 101Posted by Jeremy Goldkorn, May 11, 2005 3:50 PM
In a story called "Google steps up fight for the China market", Reuters says that "Web services leader Google Inc. has won a license to operate in China" (emphasis added). A little further on, the article quotes a statement from Google sent to Reuters: As part of our studying and learning about this market, we have obtained a license for a rep office, but have no employees in China at this time. As you will know if you have spent even a week in China doing business, a rep office license specifically forbids a company from doing business in RMB. In other words, you cannot operate in China with a rep office, unless the word "operate" simply means have an office, hire a few employees and spend money. Another thing: the Shanghai bureau of Interfax published the same story on April 27, although without the quotes from Google's press release. Someone's asleep at Reuters. |
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