In a new policy document issued by the Chinese Government's News Department and four other ministries, Beijing will no longer approve licenses for foreign ownership of majority control of media companies in China.

In a new policy document issued by the Chinese Government's News Department and four other ministries, Beijing will no longer approve licenses for foreign ownership of majority control of media companies in China. The new policy limits the opportunities available to foreign investors who want to participate in the growth and development of media industries in the country. According to China's state-run news agency, the new policy" ... prohibits foreign investors from establishing or running news organizations, broadcasting stations, TV stations and film manufacturing companies, performing troupes, film imports, exports, and distribution." It also reported that foreign investors are now barred from businesses such as book and magazine publishing, wholesale and imports and may only enter the material printing, book/ magazine distribution, and artwork sales industries as part of a joint venture with a Chinese partner.