The Australian Financial Review (AFR) recently established a content-sharing partnership with Caixin, a Chinese media outlet with financial backing from Beijing.
Caixin is one of China’s largest media outlets. Based in the country’s capital, it reports mainly on business and finance news.
Caixin’s largest shareholder is China Media Capital, described as “a government-backed, 5 billion-yuan investment fund that counts some of the country’s largest state-owned media and financial firms as its shareholders” by South China Morning Post.
Good banter today about this deal between @FinancialReview and @caixin – Broad agreement that Caixin the best Chinese media outlet to work with. Wrong to conflate it w/ state media, but also misleading for AFR to describe it as 'independent' w/o context… given its ownership https://t.co/1JC7KvvUmO
— Bill Birtles (@billbirtles) October 8, 2018
My interest is in CCP influence operations in Australia. So when I read misleading statement in the Australia Financial Review about the "independence" of Caixin, I find it obligatory to respond because AFR readers in Australia have a right to know.
— C.A. Yeung (@WLYeung) October 8, 2018
Over the years, Caixin has consistently reported on the anti-corruption campaign sweeping China, overseen by Chinese leader Xi Jinping and vice chair Wang Qishan, the Chinese language Epoch Times previously reported.
Xi’s campaign has seen the purge of corrupt officials belonging to the political faction of former CCP leader Jiang Zemin. Jiang and his associates make up a faction that is still in a bitter power struggle with the current leader Xi and his allies. Jiang developed a powerful hold over the CCP’s military during his rule from 1989 to 2002.
Fairfax’s AFR joins The Wall Street Journal, the BBC, and CNBC in Caixin’s list of global media partners.
“The Financial Review is delighted to be able to bring Caixin’s unique brand of investigative business and financial journalism to Australian business readers at a time when China’s economic development is entering a new phase, and amid the challenges to the global trading system,” AFR editor in chief, Michael Stutchbury said, according to Bandt.com.au.
AFR currently holds content-sharing partnerships with the New York Times, The Financial Times, The Washington Post, and the UK’s The Daily Telegraph. It also has foreign correspondents based in Shanghai, Washington, and London.
Melanie Sun of The Epoch Times contributed to this article.
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“The conflicts between two different values systems, and the conflicts between the two political systems are issues that cannot be ignored.”