Professional papers and other publishing entities began restructuring after the State Council and Communist Party Central Committee promulgated the Opinions on Deepening Structural Reform of Non-Current Affairs Newspaper and Periodical Publishing Units in 2011.
Song Chang’an
天达共和律师事务所
律师
Associate
East & Concord Partners
Restructuring here refers to the publisher restructuring from a work unit into an enterprise, structurally becoming a limited liability or joint stock limited company. The publisher’s profit model, which previously enjoyed security from a part of the state system, would also be transformed into an independent and self-financing model.
The opinions also actively promote resource integration in industry paper publishing. They encourage and promote publishing units with enormous potential to take the lead and integrate resources from other papers within their field to foster the formation of large specialized newspaper publishing media groups.
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Song Chang’an is an associate of East & Concord Partners
