New draft regulations could cripple outlets like Caixin, considered a bastion of investigative journalism scrutinizing corporate and government dealings.
The draft law would ban all private investment in any company involved in news gathering, editing and broadcasting within China - including online outlets that were largely exempt from previous bans.
China s NDRC in its ‘Market Access Negative List 2021’ report says non-state capital cannot invest in establishing and operating news organizations, which include news agencies, newspaper, magazine publishers, radio and TV broadcasters, radio and TV stations, and web media publishers