Economic Daily, affiliated with the State
Council, has been published since January 1, 1983. In July 1978, Finance and
Trade Battlefront (Caimao Zhanxian) started publication with part of the working
staff formerly belonging to Dagong Newspaper (Dagong Bao) and in 1981 it was
renamed China Finance and Trade News, which was the base of Economic Daily.
The publication is called China's Wall
Street Journal and is the most authoritative newspaper in reporting news on the
Chinese economy. The newspaper provides economic news and other information
about China, and clarifies the economic principles and policies of the Chinese
government. Foreign advertisers on this newspaper include IBM, HP, Audi, COMPAQ,
Mobile, Intel, Bank of America, Oracle, DuPont, LG, Ford, Nissan, Singapore
Airline and Mitsubishi Heavy Industry.
The primary readership of Economic Daily
covers executives and senior management in a wide variety of industries
including financial services, consumer goods, telecommunications, transport,
manufacturing and entertainment.
Besides printed in Beijing, the newspaper
has fax-edition printing spots in the cities of Wuhan, Guangzhou, Chengdu,
Chongqing, Kunming and Lanzhou, and airmail-edition printing spots in the cities
of Shanghai, Shenyang, Harbin, Xi'an and Urumqi. It is distributed worldwide
with a daily circulation of 1.5 million as of 1988.
Economic Daily boasts special pages like
Theoretic Probe, Economic Information, Economy and Law, Science and Technology;
special columns like Observers, Wangfujing Gossips, Comments and Reviews;
international pages like International Economic Forum, International Financial
Sum-Up, Business Management Experience, New Overseas Launches, Supply &
Demand. What's more, it publishes Weekend Supplement to provide various
information and consulting services for readers.
Besides, Economic Daily runs a publishing
house, the Beijing Economic Correspondence University, China Market Publishing
Company and so on; publishes newspapers like China Flower and Economic
Daily¡¤English Weekly, and
periodicals like China's Economic News, China Entrepreneurs and China New
Products.