China vaults past USA in Internet users

[Dorkside]

China, already the world leader in cellphone use, has surpassed the USA as the No. 1 nation in Internet users.

http://www.usatoday.com/tech/world/2008-04-20-Internetusers_N.htm

Wonder what this all means for us domainers?

 

[seeker]

They are the largest country in amount of citizens... and one of the lowest in $$$ power per citizen.
Add the limited freedom of speech... and censorship...

I dont think it adds up to much.

 

[Rubber Duck]

And the plonker of the month award goes to......

 

[touchring]

They are the largest country in amount of citizens... and one of the lowest in $$$ power per citizen.
Add the limited freedom of speech... and censorship...

I dont think it adds up to much.

Depends on what you sell. if you sell toothpaste, china's market is bigger than the US. Same with shampoo, cellphones, and many consumer products.

If you sell subprime and credit cards loans, then China's market is nothing compared to the US, not even 5%.

 

[Rubber Duck]

Depends on what you sell. if you sell toothpaste, china's market is bigger than the US. Same with shampoo, cellphones, and many consumer products.

If you sell subprime and credit cards loans, then China's market is nothing compared to the US, not even 5%.

When the GDP figures are finally published for 2008 in about 18 months time, you will see how much the US has shrunk. The World's biggest market is the EU. It must be kicking on for nearly twice the size of the US. But within a decade or two it too is likely to be overhauled by China.

 

[DomainName]

When the GDP figures are finally published for 2008 in about 18 months time, you will see how much the US has shrunk. The World's biggest market is the EU. It must be kicking on for nearly twice the size of the US. But within a decade or two it too is likely to be overhauled by China.

Hard to believe China will be #1 if their Per Capita Income does not increase soon.

 

[Rubber Duck]

Hard to believe China will be #1 if their Per Capita Income does not increase soon.

Your problem is that you only think in dollars. If the Euro can double in value against the dollar in a few years, then the Yuan can do several times that amount. Indeed, it has to if the US and Europe are ever going to be able compete against the Chinese.

Yes, the stock markets in China are melting down, but only because they fear how bad things actually are in the US. The only people who cannot smell the fear are the Americans. You think it their problem, well yes it might be but only to the extent that they are going to be modestly affected by your problem.

If you think the Bush stimulus is about anything other than trying to rescue the election, then you are dreaming.

 

[Anthony Ng]

and one of the lowest in $$$ power per citizen.

Except that we don't even have to count those poor folks AT ALL. China actually has more rich people (e.g. millionaires) than many developed countries.

 

[Domagon]

Wonder what this all means for us domainers?

Means non-latin character IDNs, such as Chinese, Japanese, Korean, etc, are worth having in a portfolio...

Most all the good IDNs are taken, but many of them are available on the resale market in all price ranges.

Traditional (as in A-Z; 0-9 chars) domains will continue to endure and grow in value, but the international element, as in IDNs, can't be ignored any longer - non-U.S. internet users now far exceeds the number of U.S. users.

Ron

 

[Ehsan]

When the GDP figures are finally published for 2008 in about 18 months time, you will see how much the US has shrunk. The World's biggest market is the EU. It must be kicking on for nearly twice the size of the US. But within a decade or two it too is likely to be overhauled by China.

Your problem is that you only think in dollars. If the Euro can double in value against the dollar in a few years, then the Yuan can do several times that amount. Indeed, it has to if the US and Europe are ever going to be able compete against the Chinese.

Yes, the stock markets in China are melting down, but only because they fear how bad things actually are in the US. The only people who cannot smell the fear are the Americans. You think it their problem, well yes it might be but only to the extent that they are going to be modestly affected by your problem.

If you think the Bush stimulus is about anything other than trying to rescue the election, then you are dreaming.

I am going with Rubber Duck on this one

 

[PRED]

Except that we don't even have to count those poor folks AT ALL. China actually has more rich people (e.g. millionaires) than many developed countries.

Agreed

In a decade or two China will have the biggest middle class in the world, hundreds of millions of people, with a lot of moola.

moola = yen, $, £, euro.......whatever you want to call it :yes:

 

[robmac]

rubber ducks talking out of his rubber beak

 

[touchring]

Agreed

In a decade or two China will have the biggest middle class in the world, hundreds of millions of people, with a lot of moola.

Most of my investments in chinese idns are decade long bets. The investment money came from flipping dollar domains - i was a late comer into domains, but i still managed to do last minute flips just to earn $10k from Sept 2005 to Nov 2005. That $10k, I threw everything into IDNs after that. $10k doesn't sound a lot, peanuts for many here, but it can buy plenty of good names in the few months from Dec 2005.

Making the switch over then was only common sense.

I had 2 options:-

1). Sell overvalued domain names, and buy undervalued chinese names using overvalued dollar. The dollar from one overvalued name buys 100 to 200 chinese names of similar grade.

2). Wait and hang on to overvalued domain names that will depreciate as the dollar declines. By then, the dollar name might only buy a handful of chinese names of similar grade.

 

[Rubber Duck]

rubber ducks talking out of his rubber beak

Maybe, but you will soon rue the day when you didn't listen!

 

[kwok]

http://www.usatoday.com/tech/world/2008-04-20-Internetusers_N.htm

Wonder what this all means for us domainers?

May be .cn value will go up?

 

[Rubber Duck]

May be .cn value will go up?

That is pretty much a given, but only English keywords that are familiar to your average Chinese are going to be worth anything much. Most of the value will be in the Chinese Character domains.

 

[Jeffreyw]

Except that we don't even have to count those poor folks AT ALL. China actually has more rich people (e.g. millionaires) than many developed countries.

According to Guiness, Japan is second to the US with the number of millionaires. But that was in the mid 1990s.

 

[Rubber Duck]

According to Guiness, Japan is second to the US with the number of millionaires. But that was in the mid 1990s.

This is the problem. Guiness Book of Records, CIA Facts Book...

Why don't you guys do some proper research?

 

[Mr. Deleted]

If you think the Bush stimulus is about anything other than trying to rescue the election, then you are dreaming.

actually it is about trying to keep crashing the us economy

 

[james2002]

It is no wonder considering China's population.