News@ChinabyNumbers

China's three major state media companies, China Central Television (CCTV), Xinhua and the People's Daily could each receive about US$2.2 billion from the Ministry of Finance to fund their global expansions. Plans include Xinhua launching an Asia-based television network modeled on Qatar's Al-Jazeera, and increasing the number of its foreign bureaus from 100 to about 186. CCTV has already announced that it is adding Russian and Arabic channels to its line up, which already includes English, French and Spanish-language services. The People's Daily is planning to start an English-language version of its Global Times newspaper in May 2009. The as-yet-untitled newspaper would be the country's second national English-language paper after the China Daily.

Possibly Related Posts:

• Shanda profit up as China online game sales surge
• NetEase 4Q profit beats expectations
• China Unicom subsidiary confirms Nitel interest
• Chinese schools deny involvement in Google cyber attacks
• Taiwan to lift mainland investments restrictions on tech firms

Tags: Al-Jazeera, Arabic channel, CCTV, China Central Television, china daily, foreign bureaus, global expansion, Global Times, Ministry of Finance, People's Daily, Qatar, Russian channel, television network, xinhua