China Investor Attacks Paper’s Suspension

From The Financial Times:

A high-profile Chinese media investor has condemned as an “abuse of power” the local authorities’ temporary closure of a widely read business weekly that reported on alleged mishandling of problem assets at one of the country’s biggest state banks.

Bruno Wu, head of the privately invested Sun Media group, insisted on Thursday that authorities in northern Inner Mongolia should rescind a three-month suspension order against the China Business Post.

The action against the business weekly highlights the risks run by Chinese news media operations that challenge powerful state interests in a market still dominated by Communist party censorship and tight government regulation.

However, some people familiar with the case say the action against China Business Post was the un­usual result of decisions made at a provincial government level rather than a sign of disapproval from central authorities.­

Read also Financial weekly closed for three months for reporting on a public bank by Reporters Without Borders.

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