Morgan Stanley, the globally renowned investment group, announced in Shanghai on June 13th, that China's internet and digital television industries will be expected to enter the best investment period in the next two years for rapid development.

During the 13th Shanghai Television Festival: "the China International New Media Industry Forum", Ji Weidong, executive director of the Morgan Stanley Asia-Pacific Region, said that internet and digital television industries currently have had more rapid development than other industries in China.

Morgan Stanley's latest analysis report showed that in China's media consumer market, the digital television industry in 2006 harbored a revenue of 1.8 billion Yuan, with growth as high as 95 percent; the payment search industry followed with a revenue of 1.9 billion Yuan, but growth was only 60 percent; the revenue of the online recruitment industry reached 1.2 billion Yuan, and increased by 41 percent. The Online gaming industry was fifth with a total revenue of 6.5 billion Yuan, but growth was only 34 percent.

Ji also said, "We expect that China's internet and digital television industries will enter the best investment period in the next two years."

By People's Daily Online