Xinhua News republished an Oriental Morning Post article on April 7 regarding the official announcement of the new policy governing the private publishing industry in China. The policy clearly stated that private publishing will be included in the formal planning and administration of China’s overall publishing industry.
Due to the tight control the Chinese government has on the publishing industry, private publishing companies were constantly facing the pressure of a potential violation of government rules. However, while validating the status of the private publishing industry, the new policy also emphasizes the government’s role of "guiding" and "regulating" the behaviors of the private publishing companies.
The new policy is unclear about foreign capital’s role in the private publishing sector. The report stated a belief that the new policy will not heavily impact state-owned publishing companies.
Source: Oriental Morning Post, April 7, 2009.
http://epaper.dfdaily.com/dfzb/html/2009-04/07/content_123104.htm