Changes to Publishing Industry in China

From Today’s Financial Times

Beijing in pledge to end publishing sector monopoly

http://www.ft.com/cms/s/0/4d4bdd08-23d3-11de-996a-00144feabdc0.html

China’s Communist government yesterday pledged to end the monopoly held by state publishing houses by allowing private companies to produce books legally for the first time in more than half a century.

The General Administration of Press and Publications, the industry regulator, said the government would “encourage and support non-public capital” and “make non-public publishers an important component” of the Chinese language book industry.

“This is a historic moment because, ever since the 1950s, China has insisted that all book publishing be state-run,” said Xue Ye, secretary-general of the China Private Book Industry Committee, set up in 2000 ahead of China’s accession to the World Trade Organisation.

 

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