scholarly journals Financialisation of news in China in the age of the Internet: the case of Xinhuanet

2017 ◽  
Vol 40 (7) ◽  
pp. 1039-1054 ◽  
Author(s):  
Xin Xin

This article discusses the recent development of Xinhuanet.com , a news website launched by Xinhua News Agency, one of China’s key central state-owned news organisations. Xinhuanet Co. Ltd, the business entity running the website, went public in October 2016 in Shanghai. This marked the first step in the state news agency’s financialisation. Two main questions are addressed. First, what were the main driving forces behind Xinhuanet’s transformation from a governmental cultural organisation to a publicly traded enterprise, the majority shareholder of which remains Xinhua? Second, how should the nature of this transformation be understood, in relation to Xinhua’s wider marketisation process and that of the Chinese media sector as a whole? The article argues that Xinhua’s financialisation via Xinhuanet is best understood as part of a state-administrated initiative in accord with Xinhua’s own business ambitions. The financialisation of news by state players such as Xinhuanet does not alter the underlying ownership structure of Chinese news media, which remain ultimately state-controlled.

2017 ◽  
Vol 234 ◽  
pp. 357-376 ◽  
Author(s):  
Hongtao Li ◽  
Rune Svarverud

AbstractThis article analyses how Chinese media make sense of smog and air pollution in China through the lens of London's past. Images of London, the fog city, have figured in the Chinese press since the 1870s, and this collective memory has made London a powerful yet malleable tool for discursive contestation on how to frame China's current air pollution problem, which constitutes part of news media's hegemonic and counter-hegemonic practices. Although the classic images of London as a fog city persist to the present day, the new narrative centres on the 1952 Great Smog, which was rediscovered and mobilized by Chinese news media to build an historical analogy. In invoking this foreign past, official media use London to naturalize the smog problem in China and justify the official stance, while commercialized media emphasize the bitter lessons to be learned and call for government action.


2006 ◽  
Vol 3 (4) ◽  
pp. 175-183 ◽  
Author(s):  
Francisca Silva ◽  
Nicolás Majluf ◽  
Ricardo D. Paredes

This paper analyses the effect of ownership structure (represented by the concentration of the economic rights of the majority shareholder, and the affiliation to a business group) on performance. From a crosssection of publicly traded Chilean firms in the year 2000, we find evidence that the effects on performance depend on ownership concentration in a non-linear way, showing the changing balance of two opposing economic forces: value creation and value expropriation by the controlling shareholder. For the entire sample, the mere fact that a firm is owned by a business group does not affect performance


2021 ◽  
Vol 5 (2) ◽  
pp. 11
Author(s):  
Tang Hai ◽  
Zhu Zhe ◽  
Qi Lihong

News frames is a general application of the Frame Theory in journalistic practice, and the setting of the Frame Theory in news media, to some extent, may make the news agency have more choices of the topics, more channels of the report, and more impacts on readers and audiences. It is for this reason that news media are very interested in setting up their news frame to guide their reportage. It won’t be surprised that when important affairs took place, the media set a theme for their coverage; while at the same time, audiences recognized that they are allowed to know the facts as well to evaluate the events properly. The coverage of disaster news is one of the concrete examples. However, when reading the reportage framework of the news in China, it can be seen that media would be likely to set similar frames for the focus of the report, and this potentially created complexity and difficulty in analyzing disaster news events in terms of content classification, reporting form, and news-making on effectiveness. The outbreak of the 2020 COVID-19 gathered media to work on a centralized proposal – anti-epidemic, so that textual, audio-visual contents and other forms of reporting show a diversified perspective for disaster news. This reporting from is a new challenge for Chinese news media, reflected in their practice on how Chinese government and people fought against the virus, how Chinese medical community dispatched their team to assist COVID-19 fight, and how Chinese media responded to the vilification of foreign media during that period. This paper takes three established media Hubei Daily, CCTV and China Daily as examples for an in-depth analysis.


Journalism ◽  
2019 ◽  
pp. 146488491987317 ◽  
Author(s):  
Ran Duan ◽  
Serena Miller

Chinese news publications potentially play a crucial role in mitigating global climate change. Presently, the majority of scholars treat the Chinese news media system as one single entity. We expect, however, Chinese party-sponsored and market-oriented newspapers differ in their representation of climate change. Using the conceptual framework of news diversity, we examined how Chinese journalists reported on climate change by examining their use of media frames, source types, and multiple viewpoints in news articles. The results revealed that market-oriented newspapers were indeed significantly different by including more diverse viewpoints, conflict frames, and environmental nongovernmental organizational sources, while party-sponsored newspapers employed more domestic political, science, and scientific uncertainty frames. The results suggest that researchers should be cautious about generalizing past findings to the entire Chinese media ecosystem because it is unique, diverse, and complex.


MedienJournal ◽  
2017 ◽  
Vol 30 (2-3) ◽  
pp. 37
Author(s):  
Li Xiguang

The commercialization of meclia in China has cultivated a new journalism business model characterized with scandalization, sensationalization, exaggeration, oversimplification, highly opinionated news stories, one-sidedly reporting, fabrication and hate reporting, which have clone more harm than good to the public affairs. Today the Chinese journalists are more prey to the manipu/ation of the emotions of the audiences than being a faithful messenger for the public. Une/er such a media environment, in case of news events, particularly, during crisis, it is not the media being scared by the government. but the media itself is scaring the government into silence. The Chinese news media have grown so negative and so cynica/ that it has produced growing popular clistrust of the government and the government officials. Entering a freer but fearful commercially mediated society, the Chinese government is totally tmprepared in engaging the Chinese press effectively and has lost its ability for setting public agenda and shaping public opinions. 


2021 ◽  
Vol 15 (2) ◽  
Author(s):  
Yating Yu ◽  
Mark Nartey

Although the Chinese media’s construction of unmarried citizens as ‘leftover’ has incited much controversy, little research attention has been given to the ways ‘leftover men’ are represented in discourse. To fill this gap, this study performs a critical discourse analysis of 65 English language news reports in Chinese media to investigate the predominant gendered discourses underlying representations of leftover men and the discursive strategies used to construct their identities. The findings show that the media perpetuate a myth of ‘protest masculinity’ by suggesting that poor, single men may become a threat to social harmony due to the shortage of marriageable women in China. Leftover men are represented as poor men, troublemakers and victims via discursive processes that include referential, predicational and aggregation strategies as well as metaphor. This study sheds light on the issues and concerns of a marginalised group whose predicament has not been given much attention in the literature.


Author(s):  
Mutamimah Mutamimah

The purpose of this research is to analyze the effect of merger and acquisition strategy for majority and minority shareholders at Indonesia capital market. This research is important since most of company ownership structure in Indonesia is categorized concentrated structure, where its create a conflict between majority and minority shareholders. The population of the research are companies that go public in the Indonesia capital market until the year of 2006. These samples of this research consists of 35 companies, divided two groups : high and low concentrated ownership structure, that are selected based on purposive sampling method. In processes testing the hypothesis, 2 indicators were used, i.e. market indicator and accounting indicator. Event study analysis was used for market indicator, whereas multiple regression analysis was used for accounting indicator. The results show a market reaction negative and statistically significant on merger and acquisition announcement. Effect of merger and acquisition strategy on performance is negative and statistically significant. This is indicated that tunneling by majority shareholder to minority shareholders through merger and acquisition strategy, and acquisition not value added for shareholder minority.


2019 ◽  
Vol 28 (5) ◽  
pp. 519-533 ◽  
Author(s):  
Yeheng Pan ◽  
Michaël Opgenhaffen ◽  
Baldwin Van Gorp

Climate negotiations have increasingly resonated with global governance and world power relations. However, media studies of climate change have paid relatively less attention to media frames of the problem solving. This study addresses this issue by examining the media coverage of COP21 from three countries that have considerable influence on climate politics: the United Kingdom, the United States, and China. By applying an inductive frame analysis, the study identified 10 media frames embedded in the discussions on climate negotiations. A deductive analysis further assessed the prevalence of these frames. The findings suggest that the frames were significantly influenced by the values of the established and emerging powers in the international policy area. The British and American media upheld the underlying norms that have long underpinned the existing Western-led order, while Chinese media coverage manifested a rising power in need of world recognition.


2018 ◽  
Vol 4 (4) ◽  
pp. 1
Author(s):  
Tarcísio Pedro da Silva ◽  
Maurício Leite ◽  
Jaqueline Carla Guse ◽  
Tania Cristina Chiarello

The study examined the relationship of ownership concentration in the economic and financial performance of publicly traded Latin American companies possessing American Depository Receipts (ADRs). Generally, the capital structure decisions are tied directly to the results of the organizations, thus reflecting the economic and financial performance. The correlation between the set of variables within the group of ownership structure with the group of economic and financial performance showed significant correlation with the linear combinations, when analyzed in the set of all the samples of companies and taken separately by country. However, the results did not show similar correlation to Venezuela, Colombia and Peru due to the existence of few observations. The results also portrayed a significant correlation within economic and financial performance, higher to Mexican companies, when compared with the results of other countries and among the set of the two groups of variables that highlighted the analysis by ownership structure and economic and financial performance as well.


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