That China and Google are still in the news tells you that this story is more significant than perhaps originally thought:
Part of the reason this story may have such long legs could be the fact that Google is such a powerful corporation. However, more tellingly, instead of backing off and denying everything, the Chinese Communist Party has decided to double down on their control of the internet. This is potentially significant for two reasons: 1. the party views its control of the internet as critical to its survival, meaning that China may not be as stable as many currently perceive, or 2. China now believes that its power vis-à-vis the United States is great enough that it can forge its own path in the international community,meaning that China's heretofore peaceful rise may have been ephemeral.
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