The BBC is reporting that China has the largest population on the net. This makes sense, and is almost inevitable. With China having almost 1.5 billion people, a 25 percent net penetration would outnumber 100 percent net penetration in the United States. The article breaks own the current penetration levels and concludes with some economic figures. Despite falling behind in total population numbers, the United States sill has a larger net economy.
http://news.bbc.co.uk/2/hi/technology/7528396.stm
"More than 253 million people in the country are now online, according to statistics from the China Internet Network Information Center (CNNIC).
The figure is higher than the 223 million that the US mustered in June, according to Nielsen Online.
Net penetration in the US stands at 71% compared to 19% in China suggesting it will eventually vastly outstrip the US.
...
Despite having a greater number of people online, China's net economy still has a long way to go to match or exceed that of the US or even that of South Korea.
Figures from Analysys International said China's net firms reported total revenues of $5.9bn (£2.96bn) in 2007. By contrast net advertising revenue alone for US firms in 2007 stood at $21.2bn (£10.6bn). "
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