Global Capital and Media Control: A Case of Joint Venture in China’s Media Market before WTO

Abstract

This story covered here is an unprecedented case of foreign “takeover” of a Chinese press in the pre-WTO era. Despite the open prohibition of foreign involvement in the media sector, the grip of the central state seems futile in the face of the lure of capital. This detailed study of foreign investment in The Modern Man (TMM), a newspaper in Guangzhou, helps uncover the tension and dynamics of the process of globalization. As reflected in the case of TMM, while the lure of foreign capital does account for the reticence of local state on the ideological concerns of the centre, the party-state however, still maintains an array of leverages in containing the unwelcome foreign presence when necessary. Neither the radical view of a “powerless state”, nor the moderate views of “enabling state” alone seem adequate in explaining the reality.