This will be a big deal to China's Internet service as well as telecom industry.
"A new ministry of industry and information will be created to oversee the cellular phone industry previously under the Ministry of Information Industry. It will also regulate Web- based applications and Internet content, according to the plan. The ministry will combine responsibilities from the information industry ministry and the State Council Information Office."
From Bloomberg(the second last paragraph.)
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Changing lives, changing organizations, changing the world --Stanford Graduate School of Business
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