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China Newspaper Execs Confess to Extorting Money Over Coverage

Executives of a respected business newspaper website confessed on state television that they extorted companies that planned to list for “huge payments” in exchange for quashing critical stories. The official Xinhua news agency reported last month that eight suspects, including those working at the 21st Century Business Herald and at two public relations firms, were under investigation. Liu Dong, president of the paper's website, and Zhou Bin, the website's editor in chief, had...

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