Google (GOOG) Leads, U.S. Follows On China
Tweet
Share
E-mail
Get Alerts GOOG Hot Sheet
Join SI Premium – FREE
The U.S. plans to issue a formal protest over the issue of hackers attacking Google Inc. (NASDAQ: GOOG) to the Chinese government.
Google has stated that the attack originated in China and has since stopped censoring its content in the world's most populous country. The search engine company has threatened to pull out of China over the matter.
"We will be issuing a formal demarche in Beijing," said State Department spokesman Philip J. Crowley said Friday. The protest is expected to be made early next week, and will convey the worries that the U.S. is having over the incident.
White House spokesman Nick Shapiro stated that "the recent cyber intrusion that Google attributes to China is troubling and the U.S. government is looking into it. We applaud Google's decision to discontinue censorship of search results on google.cn."
China has called on Google and others to follow and respect the rules and regulations that are in place in the country regarding Internet content.
The Chinese government did say that no matter what decision Google makes regarding its future in China, the future trade relation between the China and the U.S. will remain the same.
"
All foreign investors in China, including Google, should comply with international norms, respect the rules and regulations of the host country, respect the public interest and legal traditions and shoulder social responsibility," Chinese Commerce Ministry spokesman Yao Jian said.
After starting the market week at near $605, shares of Google are threatening to drop below $580 on Friday.
Google has stated that the attack originated in China and has since stopped censoring its content in the world's most populous country. The search engine company has threatened to pull out of China over the matter.
"We will be issuing a formal demarche in Beijing," said State Department spokesman Philip J. Crowley said Friday. The protest is expected to be made early next week, and will convey the worries that the U.S. is having over the incident.
White House spokesman Nick Shapiro stated that "the recent cyber intrusion that Google attributes to China is troubling and the U.S. government is looking into it. We applaud Google's decision to discontinue censorship of search results on google.cn."
China has called on Google and others to follow and respect the rules and regulations that are in place in the country regarding Internet content.
The Chinese government did say that no matter what decision Google makes regarding its future in China, the future trade relation between the China and the U.S. will remain the same.
"
All foreign investors in China, including Google, should comply with international norms, respect the rules and regulations of the host country, respect the public interest and legal traditions and shoulder social responsibility," Chinese Commerce Ministry spokesman Yao Jian said.
After starting the market week at near $605, shares of Google are threatening to drop below $580 on Friday.
You May Also Be Interested In
- Marvell issues Google warrant tied to custom chip deal
- Arrive AI cuts 20% of workforce, expects $1.5M in annual savings
- Honeywell shuffles leadership in process and building units
Create E-mail Alert Related Categories
Corporate News, Insiders' BlogSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
