SMG Flips a Switch for Broadcast Reform

An overhaul at Shanghai Media Group could lead to long-sought market reform for China's bureaucratic broadcasting industry.

Week In Review
  • November 2 to 6
    The People's Bank of China sets up a new department to oversee exchange rate policy; The State Council approves of a Walt Disney theme park in Shanghai; China begins a five-year anti-dumping tariff on imports of adipic acid.
  • October 26 to 30
    SAFE may expand QDII program quotas this year; China's top three airlines book 3Q profit growth; Beijing university student fourth A/H1N1 death in China.
  • October 19 to 23
    The PBOC drains more than 160 billion yuan worth of liquidity after this week's open market operations; Analysts say that the government is expected to raise the price of refined oil by 400 to 500 yuan a ton in late October; China officially launches a plan to divert the Yellow River to alleviate acute water shortages.
  • October 12 to 16
    Chongqing's intermediate courts began hearing the cases of the city's Mafia-style gangs; New yuan loans from China's big four state-owned banks new yuan down 70 percent from over the first six months; Passenger vehicle sales in China hit 1.02 million units in September, the first month the industry reported sales of over a million.
  • October 5 to 9
    New Voluntary Organ Donor System Established, Property Hoarders Given Deadline, China's Planners Keep a Lid on Inflation
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