China Telecom Companies Pledge To Stop Monopolistic Practices 68
hackingbear writes "China's two telecommunications giants, China Telecom and China Unicom, announced Friday they will substantially raise their broadband speeds while further lowering broadband costs by 35% over the next five years. They also acknowledge the existence of monopolistic practices in reply to a recently launched investigation, which is the first of its kind against major Chinese state-owned enterprises. Being state-owned companies, their profits supposedly belong to the nation, but they have also become 'golden rice bowls' for their management and employees, and their supervising departments and officials." If the Chinese government would like to investigate these companies' monopolistic behavior, I have a suggestion on where to start looking.
Re:We Americans can show the Chinese Telcos (Score:4, Informative)
The organization I work for has links from both companies. We'd love to have access to other ISPs, but they don't exist. You do the math.
Re:In other news (Score:4, Informative)
but they have also become 'golden rice bowls'
Anyone else find that racist? It is equivalent to a story about black people calling it "golden fried chicken bucket". It's a lame stereotype. Can we not have these in the front page please?
The "Iron Rice Bowl" is actually an actual Chinese expression generally used to refer to a career in the Government service / Civil service. So it's not exactly racist. It's similar to the "Golden Parachutes" that they use to refer to Western severance packages.