This story has been around in a low-key way for several days, with different reports about how much or how little it matters. Now the BBC is being definite:
BBC story here
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An old man who lives in the UK
China had taken a significant step toward establishing a Chinese internet that could function independently from the global internet maintained by Icann and ultimately controlled by the US government...
Given its continued interest in censoring certain online content, a national root that excludes large chunks of the existing global internet may ultimately emerge as an attractive option to Chinese lawmakers.
BBC story here
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An old man who lives in the UK