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Aircraft Carrier in Press and Publication Industry Set to Sail in a Couple of Years

Liu Bingjie, Director of the General Administration of Press and Publication, the government regulator of news media and publications, suggested in an interview that the industry is going through “major reform, major development, major changes, and a major leap forward.” Liu revealed that China is assembling an “aircraft carrier,” meaning a gigantic state corporation, with capital of 20 billion yuan (US$3 billion) and (annual) income of 20 billion yuan (US$3 billion). It will be launched in a couple of years.

Source: People’s Daily, March 9, 2011