As China seeks to further boost the e-commerce sector, it is likely to attract new capital and create new jobs and entrepreneurs. Recently, the State Council, China’s cabinet, announced that it will boost the development of e-commerce by cutting red tape and liberalizing investment regulation in the sector. Reportedly, the new measures include a tax cut, simpler administrative procedures and a push for entrepreneurship.During the past two decades, I have explored the rise of the information and communication technology sector first in America and then worldwide, starting with “The Triumph and Erosion in the American Media and Entertainment Industries” (1995)…
