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It is 51% owned by the state-run China Xinhua News Network Corporation, and 49% by private investors, including Chinese home appliances maker Gree. [2] The venture is part of Beijing's effort to "present an international vision with a Chinese perspective," Xinhua President Li Congjun said at the press conference announcing the launch of CNC World.
Xinhua News Agency (English pronunciation: / ˌ ʃ ɪ n ˈ hw ɑː /), [3] or New China News Agency, is the official state news agency of the People's Republic of China.It is a State Council's ministry-level institution, and was founded in 1931.
This shows willingness to create local jobs, which could help the company win goodwill, and “then result in what’s perhaps more favorable treatment from governments in the region,” said Russo.
The Xinhua Daily Telegraph (abbreviated as XDT; [1] Chinese: 新华每日电讯), alternatively translated as the New China Daily Dispatch, [2] Xinhua Daily Newswires, [3] is a China's state-run [4] Chinese newspaper hosted by Xinhua News Agency. [5]
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CGTN America is headquartered at 1099 New York Avenue NW, Suite 200 in Washington, D.C., and manages bureaus in New York City, Washington, D.C., as well as spanning coverage in North and South America. CGTN America began broadcasting in the United States on February 6, 2012, [2] replacing the former English language CCTV-NEWS in the region. [3]