The full-day symposium focused on the potential for the New Economy in China and many of the pitfalls that businesses will face. According to Microsoft China President, Michael Rawding and PricewaterhouseCoopers' partner in charge of China, Kenneth DeWoskin, China has more than 60 million mobile phone users and as many as 7.3 million Internet users. DeWoskin estimates that the Internet user figure will grow rapidly to 33.1 million users by 2004. While China may be lucrative for U.S. businesses, doing business in China is challenging. Doing business there can be very frustrating.
China has no national bank card and no package express system.
For more substantive information on the conference, check out The Seattle P.I. article. It is the most important example of positive American influence on China. For more information on Kapp's presentation check out The Seattle Times article.