From 24/7 Wall Street:
The FT reports that Google (GOOG) has made all the necessary plans to close its Chinese search engine business and is “99.9%” certain it will shut the operation down shortly.
Li Yizhong, minister for industry and information technology, told Google that it could not violate local laws which means that it must censor its search results in the country. Google management has stated that it wants to stay in China but is unwilling to censor results. The current friction between the search engine and government began when hackers broke into Google servers in China and compromised some Gmail accounts. The hackers have not been identified.
The Chinese seem to have won the confrontation...
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