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China aiming to establish multimedia conglomerates

July 19, 2016


Abstract : China's television regulator has said it will expedite the integration of TV and radio with new media, setting a target for the country to have a number of competitive multimedia conglomerates by 2020.

BEIJING, July 18 (Xinhua) -- China's television regulator has said it will expedite the integration of TV and radio with new media, setting a target for the country to have a number of competitive multimedia conglomerates by 2020.

The State Administration of Press, Publication, Radio, Film and Television (SAPPRFT) said in a circular on Monday that media organizations should develop multiple integrated and interactive information networks including TV and the Internet, supported by cloud computing and big data.

The SAPPRFT will support the integration through improving laws and regulations and granting preferable market access, according to the circular.

The SAPPRFT said in a separate statement that the current integration of TV, radio and new media is still rudimentary, which falls short of central authorities' requirement and public expectation. Enditem

ese returning to start businesses, young foreign students and investors to realize innovation-driven development of the zone," the ministry said.

Other measures include allowing foreigners who meet salary and taxation standards to apply for permanent residency, a fast track from work permits to permanent residency for high-caliber talent, and visa exemptions for personnel from certain countries within specified times at Guangdong customs.

The measures will take effect on Aug. 1, the ministry said. Enditem

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Keyword: China-media

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