China Wants to Buy Facebook – Gordon G. Chang – New Asia – Forbes

The Communist Party, despite three decades of economic reform, insists on its monopoly of political power.  And to maintain that monopoly, it tightly controls its own instrumentalities.  That’s especially true at this moment because the Party is in the midst of the most comprehensive crackdown on society since the 1989 Beijing Spring.  Chinese leaders clearly view social media as a threat to their rule, especially after seeing its force-multiplying effect in the ongoing Arab Spring protests that have toppled governments.
In short, China’s sovereign wealth fund, which is no more independent of the Communist Party than the Beijing municipal government, wants to buy a stake in the world’s most prominent social networking site because Chinese leaders want to control social media.  And they hope to do that as part of their comprehensive campaign to dominate the conversation about China—not just inside the country but around the world as well.

http://blogs.forbes.com/gordonchang/2011/07/03/china-wants-to-buy-facebook/

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