China is lifting its ban on foreign investment in television and
film production companies.
The move is part of a package of landmark reforms intended to
revitalize the country's media industry.
China's media regulators say they're determined to commercialize
media organizations such as newspapers and television stations.
They say "strong and influential" foreign companies will be
allowed to hold minority stakes in Chinese production
companies.
Beijing is hoping a dramatic increase in private sector
involvement in the country's television services will raise the
quality and quantity of content produced locally.
(CRI February 9, 2004)