China’s state news agency could be the future of journalism

Newsweek
Xinhua may be the future of news for one big reason: cost. “The former ‘Red China News Agency’ doesn’t need to worry about the inconvenience of turning a profit,” write Isaac Stone Fish and Tony Dokoupil. “As a result, it might do for news what China’s state-run factories have done for tawdry baubles and cheap clothes: take something that has become a commodity and foist it onto the world far more cheaply than anyone else can.”

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