Why China’s News Corp is a big loser in the world of China newspapers
China has a long history of publishing foreign newspapers.
It has a thriving digital newspaper industry, and its citizens enjoy a high level of internet literacy.
But as the country has become increasingly reliant on digital media, its newspapers are increasingly struggling to stay afloat.
That’s led to a loss of more than half of its total circulation.
As the world’s largest newspaper market, China has long been the largest market for foreign papers, and it has long enjoyed a dominant position in the global marketplace for news.
But this is no longer the case.
The Chinese economy has collapsed, and China’s newspaper industry has lost almost half its market share over the past decade.
China has been struggling to survive, but the Chinese people are suffering from the consequences of the economic crisis as well.
And for many, it is a question of life or death.
Source Vice News article The following is the second installment in a series on the business of Chinese newspapers.
China Daily’s Business section covers the news from the city of Shanghai and other parts of the country.
The Business section also features a look at China’s digital media and the challenges faced by the paper’s editorial staff.
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