Results tagged “foreignmedia”

• China's class ceiling [LA Times] "China is the only ancient civilization in human history to have reemerged as a major force in the world. And Chinese are rightly proud of this. So why rock the boat? It is better to be ruled by boring technocrats like Hu who will keep things nice and steady. This is not the story one might hear from unemployed workers in the rust belts of northeastern China, or from rioting farmers in Guangdong province who have been pushed off the land by greedy developers working in tandem with corrupt party officials. Nor is this view necessarily shared by the brave lawyers willing to take on some of those corrupt officials, or intellectual dissidents who still get arrested for arguing that Chinese should be entitled to basic democratic rights. But it is the common line taken by people who benefit most from the current wave of fun, fashion and prosperity — the new urban elite, some of whom are pampered children of Communist Party bosses."
• What If China Had a Second Political Party Tomorrow? [The New Yorker] "On the prospects for multi-party democracy: If you had a second party alternative in China now, I think it would be an anti-foreign party. What else could you see as a platform to challenge the Communist Party, but to oppose the foreigners who are “buying up Chinese resources”?… There has to be a period of generally unfolding democracy. Not bang, all at once. And I think that will happen. I think it’s happening much too slowly."
• Editorial Dispute Threatens Caijing, a Chinese Magazine [NYTimes] "The owners of the magazine have recently come under pressure from some within the government to tone down or drastically alter Caijing’s aggressive journalism, people at the magazine say. Caijing’s managers have told staff members that they have been fighting to maintain the magazine’s editorial integrity. Caijing’s managers have been seeking to create a more independent publication by changing the magazine’s shareholding structure, seeking outside investors and pressing the owners to allow some employees to own a stake in the magazine. They also want a larger share of the magazine’s profits to be invested in new operations, including an English-language Web site."

Remember the government's proposed 45 billion yuan effort to ensure that the rest of the world sees a media more aligned with what the central politico wants it to see? It's started!

China's banking regulator has called on domestic banks to cooperate with foreign media and to set up a 24-hour "fast track" for responding to foreign media interview requests and inquiries during the period of the Beijing Olympics. One Chinese banker noted, "It is very interesting to see that China's banking and securities regulators chose two completely different media strategies for the same purpose: to protect the good image of these two very important industries." As we reported earlier, the securities regulatory body has warned fund managers not to speak to the press publicly in any way that would destabilize the stock market which has fallen 50% since its peak on October 2007.