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Chongqing Daily Group to Be Launched
Chongqing Daily Group will be launched upon approval of the State Administration of Press and Publication.
Chongqing Daily Group will be teamed on the basis of Chongqing Daily as a corporate giant of eight newspapers along with a website to cover a diversified range of newspaper-related economic lines as publishing, distribution, advertising and printing.
Chongqing Daily Group is reported to be run with a total capital of RMB 780 million yuan, to meet challenges of China's impending WTO entry and the demand for an enlarged news media market to rise in West China.
Preparations have already been under way to bring about the rise of the first news media giant in West China.
By PD Online Staff member Huang Ying
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