The board of the Internet Corporation for Assigned Names and Numbers (ICANN), has allowed the use of non-Latin characters in more than 20 languages, including Chinese.
The China Internet Network Information Center (CNNIC), which will oversee Chinese-character domain names, will sumbit requests for top-level names with the suffix “.Zhongguo” (China) in all Chinese characters as soon as the ICANN allows non-Latin-character applications from Nov. 16.
There will be a massive expansion of Internet use and commerce in
China, experts predict. This move would provide more convenient access to the Internet for many elderly Chinese who are unfamiliar with Latin characters, and greatly improve the efficiency of on-line business for Chinese companies and for foreign firms wanting to do business with Chinese customers.
The Chinese government has been promoting Internet domain names in Chinese characters. The State Council and Ministry of Industry and Information Technology has issued several regulations that stipulate the websites of government departments should be addressed with the suffix “.cn” for a possible transformation into a system in Chinese characters.

Any organizations or individuals in China could apply for a domain names in Chinese characters to 43 domestic website companies authorized by the CNNIC. Foreign organizations or individuals who want to apply for Chinese-character domain names could apply to
the CNNIC’s two overseas agents in Singapore and Malaysia. The annual fee for a domain name in Chinese characters from start to finish would be 280 yuan (41 U.S. dollars). this news is from China electronics manufacturer.