China Should Nourish a High-Tech Giant (int'l edition)
Having read ''Is Legend the IBM of China?'' (Asian Business, Dec. 21), an ominous forecast occupied me. I am afraid that Legend Holdings, the ''red chip,'' is going to grow into a chaebol just like those in Korea. Without question, China needs a competitive information technology (IT) company such as Legend. Still, absolutely fair competition is only a daydream. Beijing should lower the forbidding tariffs so as to enrich the IT soil, including the Chinese Academy of Sciences, with its state-of-the-art IT nutrition. In this way, real, sustainable development is possible.
Updated Jan. 7, 1999 by bwwebmaster
Copyright 1999, Bloomberg L.P.