Tuesday, February 24, 2004

media - China Daily confuses colleague

How refreshing! My colleague of the New York Times is confused and admits it: "While China Daily serves as Beijing's mouthpiece on issues involving Taiwan and Hong Kong and on diplomatic affairs, its business and economic coverage sometimes shows a little independence from government policies."
The economic supplement of the former mouthpiece of the Chinese government had interviewed three economists and one of them had suggested that the interest might be raised. Only a few years ago such a statement would have set off the alarm among international bankers. Chinese media desperately try to act as real, independent media, but the foreign colleagues are not too sure about it.
Only some years ago the same paper triggered off an international panic, just because they tried to give a range of different opinions. Still, Keith Bradsher is not hundred percent sure it is not an advanced warning for a change in the interest rate. He will learn, just another five years and Chinese media will be taken more serious.

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