Rise and Demise of U.S. Social Media in China, A Touchstone of WTO and BIT Regulations
in CHINA'S INFLUENCE ON NON-TRADE CONCERNS IN INTERNATIONAL ECONOMIC LAW, Paolo Farah, Elina Cima, eds. (London: Routledge 2016) 382-394.
17 Pages Posted: 25 Apr 2017 Last revised: 4 Jan 2021
Date Written: October 1, 2016
Since foreign social media sites have been banned, three Chinese social media sites, all listed at the New York Stock Exchange or NASDAQ, are thriving. Chinese social media are insulated from foreign competition at their domestic market. However doing business in China does not become easier for them. They will have to abide by ever more stringent censorship regulations. Until China’s Gini Coefficient for income inequality comes down significantly, China’s leaders deem the risk of social unrest so substantial that they will insist on the most sophisticated and extensive form of censorship in the world.
Keywords: social media, China, competition law, national champions, Facebook, NYSE, NASDAQ, GATS, BIT, YouTube, Youku, Telecommunications Regulation, telecommunications, online service providers
JEL Classification: L96, F12, L86, F10, F13
Suggested Citation: Suggested Citation