Changing Media, Changing China

By Susan L. Shirk | Go to book overview

3
The Rise of the Business
Media in China

Hu Shuli

AS THE ARTICLES IN this volume demonstrate, market reforms have led to significant changes in China’s media industry. Among the most dramatic of these changes has been the growth of business journalism. Since 2000, the rapid expansion of capital markets in China has led to increased demand for financial news, which has, in turn, led to a boom in coverage and a highly competitive financial news market.

This chapter reveals what this market looks like, how it developed, and its journalistic strengths and weaknesses. Working from a social science perspective, I investigate the role the financial news plays in China’s economy and society, and what broader trends it reflects in China’s changing media industry.


COMPETING MEDIA

Financial news has become an increasingly prominent element among China’s television, print, and Web-based media. Since 2001, national, regional, and local TV stations have launched special channels offering financial

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