Chinese domain market report : Communist Capitalism in China

Chinese domain sales report.

Chinese domain sales report.

As the 2nd biggest economy in the world, China has been an active member of the G20an international forum for the governments and central bank governors from 20 major economies.

The 11th G20 Summit will be held in Hangzhou, Zhejiang on September 4 and 5, a clear demonstration of China’s financial power.

So far, the preliminary reports from the organizational skills of the Chinese show that there is a lot to be desired, but the substance is at the discussions themselves.

China implements a unique financial model, that of Communist Capitalism.

In essence, the government operates on a mix of communism with capitalism infused to energize the economy, while maintaining control of its key functions.

China has grown from a nation of rice farmers, to that of industrialists and online entrepreneurs, some of which can be farmers.

Still, the Chinese government’s controls can be totalitarian, demanding the source and flow of news and information to be trackable.

The trading of domain names in China has been introduced as a vessel of transporting wealth. A system that started in Hong Kong sent prices of LLLL .com domains to heaven and back, during the past 24 months.

Communist Capitalism in surprisingly effective, as China’s consumers spend billions of dollars online, some of which for the purchase of purely digital products. Overall, however, freedom of speech suffers and the government can greatly affect the personal lives of people, should it wish to.

We keep track of Chinese domain market sales, for the .CN, .COM and .NET TLDs, as far as 2 to 4 character domains go.

Today’s list contains a bunch of numeric NNN .net domains, and the usual mix of Chinese “Chips.”


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