From Financial Times:
China has closed the door on new foreign investment in television and film production companies, telling international media companies to work instead through individual projects with local partners.
Zhu Hong of the State Administration of Radio, Film and Television (Sarft), made clear in an interview with the Financial Times, that Beijing had put aside landmark rules issued in 2004 allowing foreign investors to take minority stakes in local production units.
“Our policy is to temporarily not approve the creation of new joint companies,” Mr Zhu said. [Full Text]
