Bloomberg and NY Times have become the China Business Headline
We Westerners all love our freedom of speech and an independent, unfettered 4th estate — but the visa situation for western reporters from the New York Times and Bloomberg still waiting for residency visas to remain in China has much deeper implications for international managers. Beijing and the CCP view press freedom as a matter of privacy and sovereignty. US Vice President Joe Biden recently registered the Western view that a free press is vital to a healthy economy and society. But this goes far beyond a clash of cultures. This time, it’s commercial.