Beijing reiterates ban on private capital in news media, updating it to prohibit hosting events

In a new draft document reiterating China’s ban on private enterprise in news organisations, the country’s top economic planner has prohibited for the first time the involvement of “non-public capital” in “hosting news forums or presenting awards”, possibly ending an important new revenue source for the industry.The updated “negative list”, which restricts investment in certain industries, was released by the National Development and Reform Commission on Friday to solicit public feedback…

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Mainstream media is often "Fake News." Nevertheless, one needs to see what others are seeing and then read with discernment.

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