Facebook, is blocked in China as you all know and in a country if a social networking site like facebook is banned that exaggerate roughly 500,000,000 Internet users. That is not a favourable condition for a company for its growth worldwide.

Now Facebook is rumored to have recently linked a partnership deal with a Chinese Internet giant in a move to enter the country. The rumors originate from a message posted on Sina Weibo, a Chinese Twitter-type micro-sharing service, by Hu Yanping, a director of the Data Center of China Internet, a respected Internet business analyst and former journalist.

Thomas Crampton translates his message, posted a few hours ago, thusly:

“Facebook really is about to enter China, the agreement is signed. A domestic website will work with Facebook to create a new site. This new site is not interlinked with Facebook.com. Will this live or die in China?”

At the end of last year, Facebook founder and CEO Mark Zuckerberg traveled to China, quite visibly. Though labeled as a personal vacation, he met with a bunch of interesting business people there, including Robin Li, the billionaire co-founder of Baidu, China Mobile CEO Wang Jianzhou, Sina.com CEO Charles Chao and the head of Alibaba Group, Jack Ma.

Zuckerberg indeed expressed hopes to figure out the “right partnerships that we would need to do in China to succeed on our terms.”

It’s such an important part of the world. How can you connect the world if you leave out 1.6 billion people? Establishing a partnership with a local Internet giant would be the right way for Facebook to enter China in a way that appeases its restrictive government.

It’s also worth noting Facebook would still have to compete against the likes of Tencent’s PengYou and QZone, 51.com and RenRen and Kaixin001. Coincidentally, the latter is rumored to shoot for an IPO in the United States.