From Xinhua:
Chinese reporters and editors who fabricate stories or take bribes will face stern punishments, including confiscation of their press cards and a five-year ban from report work, according to a provisional regulation on the management of journalists.
The regulation, recently issued by the Publicity Department of the Central Committee of the Communist Party of China, the State Administration of Radio, Film and Television and the General Administration of Press and Publication, aims at “maintaining justice, authenticity and objectivity in news reporting.”
The regulation forbids reporters and editors from taking advantage of news coverage to seek illicit benefits or taking gifts that might influence their writing. They are also prohibited from operating businesses or taking concurrent jobs at other pressor economic organizations.