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When Wall Street catches on i can see another bubble in Chinese stocks in the runup to Bejing 2008.
However, the 6th paragraph of this article makes me question ALL of the numbers being presented.
...One of the most valued metrics of Internet usage (especially for advertisers) is time spent online. Chinese users average 15.9 hours per week, while Yahoo! (nasdaq: YHOO - news - people ), the most popular Internet site in the U.S., can only get its users to stick around for less than one hour per week (216.5 minutes per month according to ComScore Media Metrix). That's 1.765 billion hours per week online in China, compared with 129 million hours per week online in the U.S.
This is usually a great sign that the author has been spoon-fed some numbers and has not done any independent verification. At best, it says they did a poor job of proof-reading. And at worst it says they don't know what any of it means, but they are happy to write about it for the investment community.
btw - before I get flamed - the paragraph after the one I have quoted states statistics for Sohu.com. But it does not explicitely say that the 15.9 hours in the preceding paragraph is for this one website. And it does say that Sohu.com does not have competition for its various topical areas, whereas Yahoo! does.
It is inevitable that China will surpass the U.S. in total internet users, hours online, etc. So why try to jump the gun with questionable numbers and/or presentation?
