China's media open for investment

Foreign companies can own up to 49 per cent of joint media ventures in China under new rules that came into force last week, though foreign investment in news and current affairs is still banned.

4th December, 2004

Foreign companies can own up to 49 per cent of joint media ventures in China under new rules that came into force last week, though foreign investment in news and current affairs is still banned.

Investors must feature Chinese themes in two-thirds of programmes and have paid-up capital of at least €1.5 million, according to the Chinese State Administration of Radio, Film and Television.

With a population of 1.3 billion, China has 26 newspaper groups, eight...

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