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Can China’s Billions Buy Media Credibility?

Having already achieved the status as the world’s second-largest national economy, China has decided that it also needs soft power, the ability to influence world public opinion to promote its commercial and foreign-policy interests. “To some degree, whoever owns the commanding heights of cultural development, and soft power, will enjoy a competitive edge internationally,” declared a communiqué that came out of the October 2011 plenary of the Communist Party’s Central Committee. Toward that end, the Chinese government allocated $8.7 billion in 2009-2010 alone to “external publicity work.”

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