Sunday, December 12, 2004

A landmark move for China Inc.

IBM's sale of its PC unit to a Chinese firm is the latest sign that a new giant is rising.

By Mark Sappenfield Staff writer of The Christian Science Monitor OAKLAND, CALIF. –

In a moment on Wednesday, the gathering might of the Chinese economy became as imposing and obvious as the Great Wall. This was no economic forecast - no set of percentages and decimal points that hinted obliquely at the power that 1.3 billion shoppers could someday wield. This was news that a Chinese company had agreed to buy one of the most venerable product lines in the history of American technology: IBM's PC business.

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