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Xinhua: Taiwan Reports on the Mainland’s Initiative to Invest in Taiwan and Other Media

Xinhua reported that, according to Taiwan media, Mainland China is encouraging Mainland media to invest in Taiwan media. On April 7, 2009, the General Administration of the Press and Publications of the PRC issued guidlines to further promote the reform of the Press and Publications.

Xinhua states, “According to Taiwan media, the Guidelines encourage Mainland media to go out and establish newspapers, journals, press houses, and printing shops through wholly-owned subsidiaries, joint ventures and cooperatives, and to expand their markets in Taiwan, Hong Kong, Macao and foreign markets.” “The Guidelines recommend that six or seven large mass media each with assets and sales exceeding 10 billion RMB be established over the next three to five years.”

Xinhua, April 7, 2009
General Administration of Press and Publication of the PRC, April 7, 2009