Word: globalization
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...Singapore - and perhaps several months down the road, the European Central Bank. As economies recover and jobless rates fall, most policymakers will raise interest rates to head off the inflation that could result from the massive fiscal stimulus spending launched by governments around the world to combat the global recession. (See pictures of the global financial crisis...
...foreign journalists. News Corp. CEO Rupert Murdoch asked Beijing to "open its digital door" and improve foreign media and entertainment companies' access to mainland markets. "The embrace of the digital is as vital to China today as its decision 30 years ago to take its place in the global economy," Murdoch said in a speech at the summit. (See pictures of Shanghai today...
...While Murdoch and others called for greater access in China, Beijing is pushing its media voice abroad. Earlier this year the government reportedly set aside more than $4 billion to expand the global reach of the state-run broadcaster CCTV and the Xinhua News Agency. Last year CCTV created French and Spanish channels, and this year it added Russian and Arabic. The official China Daily newspaper began publishing a U.S. edition, and the Global Times, a nationalist tabloid run by the People's Daily, launched an English-language version. In January, Liu Yunshan, the head of the Communist Party...
...press-freedom group Reporters Without Borders. It is not those limitations on the media that China's propaganda ministers are trying to modernize. Rather, it's the ability of the political party to have its message heard. An August Qiu Shi article complained about the dominance of the global media by a small number of conglomerates like Murdoch's News Corp. and Time Warner. But in China, oversight of CCTV and Xinhua is consolidated in the hands of the party. When Li Congjun, head of the Xinhua News Agency and chief organizer of last week's event, noted during...
...billed as a nongovernmental event, David Bandurski of Hong Kong University's China Media Project noted on the project's website that Li was formerly the deputy chief of the CCP's propaganda department. The summit, Bandurski wrote, is "a naked ploy by the CCP to enhance China's global influence over media agendas," and the foreign media representatives "an audience at court...