Does the Internet Always Mean Money?

Lu Jingxian

A ragged man stands idly with a board on which is written the word 'beg'. But people just keep on passing him by. "Why not add a dot com after it?", someone suggested. The man's business immediately soared after the inspiration. Okay, then how about adding an "e" in front of the line? Soon the man became sought-after as a venture capital investor.

This is only a joke. However, unrealistic investors believe almost everything related to the Internet means wealth.

In the United States, the tech-laden NASDAQ captures America's prevailing mood of optimism - the confidence in technological superiority and the romance of instant wealth.

In 1999 the NASDAQ composite index rose an astounding 86 per cent.

Now the ripple effect of the so-called new economy has extended its impact to China.

Internet economy was a popular theme at the annual conference of the National People's Congress and Chinese People's Political Consultative Conference, which concluded a few days ago.

Many believe that the Internet opens new channels in the history of economic development and will create new opportunities. E-commerce is the trend of the future.

"It will be dreadful if you miss the time." said NPC member Wang Xuan, who is president of the Institute of Computer of the Chinese Academy of Sciences.

Enterprises that do not log on are waiting for death, he added. Many are calling for urgent legislation to pave the way for the smooth and fast development of the Internet economy.

But is China prepared to embrace the new economy?

"China is still far from the new economy. Speculation on Internet stock is risky," says Wu Jinglian, an economist, pouring cold water in the increasing Internet fever.

He calls for attention to be paid to the Internet bubble in China.

At the beginning of March, there were chaotic scenes in the streets of Hong Kong as hundreds of thousands of investors jostled to submit applications for shares in Richard Li's new China Internet portal, Tom.com.

Many of them do not even know what business Tom.com is involved in, nor its profits or prospects. But everyone believes they can make money from the Internet.

In the Chinese mainland stock market, Yi'an Tech became the first one to reach 100 yuan (US$12) per share soon after the announcement of new investment in the high-tech industry. Speculation on the Internet is more like playing in a casino than a reasonable investment.

The old investment rules have been thrown out. The old rule of buying solid stocks at reasonable prices and getting rich as companies' profits rise is obsolete.

Internet companies do not need to reap profits before they issue IPO (initial public offering). Many of the start-ups have no profits, few staff and little in the way of a business plan.

Some more traditional stocks are being jilted. It is not because they do not make money. They are being dumped because they are old stories. People need to make up today's fairy tales.

There is nothing wrong with the Internet. The question is how we can bet a fortune without the solid development of the industry.

We should adopt a more pragmatic attitude on the way to pursuing a new economy.

In a net time where everybody rides on an idea seeking an instant fortune, long-term healthy development is essential.

(China Daily)


In This Series

References

Archive

Web Link

主站蜘蛛池模板: 老子影院午夜精品无码| 69视频在线是免费观看| 日本动漫丝袜腿交榨精漫画| 亚洲影视自拍揄拍愉拍| 男人的好在线观看免费视频| 啦啦啦在线免费视频| 麻豆一卡2卡三卡4卡网站在线| 国产精品亚洲片在线观看不卡| 99国产精品视频久久久久| 娇妻借朋友高h繁交h| 中文字幕亚洲欧美在线不卡| 日本在线|中文| 久久高清内射无套| 欧美一区二区三区在观看| 亚洲欧美一区二区三区在饯| 狠狠精品久久久无码中文字幕| 十分钟免费视频高清完整版www| 色婷婷精品视频| 国产人妖ts在线观看网站| 国产超爽人人爽人人做| 国产精品一区二区久久| 37大但人文艺术a级| 国产黄视频网站| 99精品偷自拍| 女人扒开屁股桶爽30分钟| 中国人免费观看高清在线观看二区| 日本一卡二卡≡卡四卡精品| 久久精品国产精品亚洲| 最近中文国语字幕在线播放| 亚洲一区二区在线视频| 欧美亚洲另类在线| 亚洲国产精品一区二区成人片国内 | 国产偷国产偷亚洲高清日韩| 国产亚洲国产bv网站在线| 国产精品一区二区av| 2021免费日韩视频网| 国产精品美脚玉足脚交欧美| 91酒店疯狂输出女神范范| 国模吧双双大尺度炮交gogo| 99久久精品费精品国产| 在线观看永久免费视频网站|