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Media business
Xinhua relents: Financial news sector openPosted by Jeremy Goldkorn, November 14, 2008 8:30 AM
Mure Dickie and Kathrin Hille in The Financial Times report:
Faster and more attractive? That is something to watch for. This is also hopefully the end to a struggle that has been going on for decades: Xinhua both regulating and competing with the foreign wire services offering financial news in China. The first round of the fight between Reuters and Dow Jones et al. was won by the barbarians; James McGregor's book about business in China One Billion Customers contains a insider tale of the fight. Links and Sources
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Comments on Xinhua relents: Financial news sector open
easy task for xinhua, since financial information can hardly subvert the state.
political news however is going to remain under control.
While this looks to be good news, we have surely not seen the last of this fight. Xinhua has not lost its ambition to become a global financial news service a la Bloomberg, and its support in government has not waned.
What will be telling is the composition and underlying goals of the independent regulator the government will establish to regulate the industry.
government is industry is xinhua is the independent regulator. until these are separated and the distinctions are transparent xinhua will always be a joke outside of china
maybe Xinhua is planning to buy Reuters? That should make life easier.
In regards to the caption...
The white woman in the middle has an attractive face but the woman on the left looks rather creepy. All of them need to eat a few more Philly cheesesteaks or jiaozi so they can put some meat on them bones before I, Joe the Danwei Commenter, finds them appealing.
Since we are being honest here, I would comment on the article itself but its sad to say that I haven't read it.