Candid details about the systemic corruption inside China will now be much harder to access in Chinese media. The General Administration of Press and Publication, a government agency, has announced the implementation of regulations that effectively bar the reporting of news that cannot be verified from two independent sources. The new rules also require personal interviews, when information is collected, prior to its publication.
Though disguised as "fact checking," the effect of the regulations will be to force the print media to ignore allegations of governmental corruption and official abuse of authority, because this information frequently originates on China's blogs, and cannot be verified, under the new guidelines. Violation of these new regulations can result in suspension of revocation of media licenses. Information on corruption will now be harder to find.
Compliance officers searching for data on individuals, or PEPs, for due diligence purposes, will now find it harder to find truthful information on corruption, as the direct result of these new regulations. It may actually cause some compliance officers to raise country risk on China.
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Though disguised as "fact checking," the effect of the regulations will be to force the print media to ignore allegations of governmental corruption and official abuse of authority, because this information frequently originates on China's blogs, and cannot be verified, under the new guidelines. Violation of these new regulations can result in suspension of revocation of media licenses. Information on corruption will now be harder to find.
Compliance officers searching for data on individuals, or PEPs, for due diligence purposes, will now find it harder to find truthful information on corruption, as the direct result of these new regulations. It may actually cause some compliance officers to raise country risk on China.
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