Facebook (FB) Will Still Be Blocked in China
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Facebook (Nasdaq: FB) is on watch Wednesday following reports that a ban in China would be lifted to access the site might have been incorrect.
Citing China's People's Daily, Bloomberg said reports that Shanghai's free trade zone wold lift the ban are incorrect. The rules in the zone aren't expected to change, sources said. In addition, ideological content won't be included under free-trade zone rules.
Along with Facebook, speculation had Twitter and the New York Times as other sites which may have been included, though it might be expected that a ban will remain on those sites as well.
Shares of Facebook are up in early trading.
Citing China's People's Daily, Bloomberg said reports that Shanghai's free trade zone wold lift the ban are incorrect. The rules in the zone aren't expected to change, sources said. In addition, ideological content won't be included under free-trade zone rules.
Along with Facebook, speculation had Twitter and the New York Times as other sites which may have been included, though it might be expected that a ban will remain on those sites as well.
Shares of Facebook are up in early trading.
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