Online ad spending to reach $1 bln in China by 2007

Online ad spending in China has been growing by more than 75% annually for the past 3 years. It’s expected to reach $812 mln 2005 and top $1 bln in 2007, according to IResearch report in Business Week. Chinese newspaper ad sales on the mainland fell 5.1% in 2004, while at magazines they dropped 16.5%.