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China passes Hong Kong security law: Reports
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Readership has been surging. The Post has launched new digital products and added dozens of journalists. After more than a decade of decline and editorial chaos, the newsroom now buzzes like a tech start-up, with table tennis and an in-house pub serving free craft beer. Every day, The Post churns out dozens of articles about China, many of which seek to present a more positive view of the country. As it does, critics say it is moving away from independent journalism and pioneering a new form of propaganda. Tsai, a co-founder of Alibaba, said during the celebration last month, comparing The Post to an underdog competing for the first time at the Olympics. As businesses and governments around the world look for ways to skirt the traditional news media, The Post has become a test case for how a new owner can co-opt an established brand to promote certain viewpoints. Liu, who was previously chief executive of Digg, a news aggregation site in New York. He said top editors routinely rewrote, played down or withheld critical stories for fear of offending influential Chinese officials or business executives. Wang, now the editor of the Chinese-language website of The Financial Times.
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It is Hong Kong's newspaper of record ,   : owned by Alibaba Group. Editor-in-chief Tammy Tam succeeded Wang Xiangwei in The newspaper's circulation has been relatively stable for years—the average daily circulation stood at , in The purpose of founding the SCMP is disputed. Early editorials were mainly written by British journalists, such as Cunningham, Douglas Story and Thomas Petrie, while Tse attracted business to the newspaper. Reading the SCMP has been described as a status symbol in the 20th century, when the newspaper represented the interests of Hong Kong elites and the British government.
Beijing says the law banning subversion, secession, terrorism and colluding with foreign forces is needed to return stability to Hong Kong after a year of angry pro-democracy protests. The yen strengthened against the dollar, US stock futures went lower and bond yields extended declines. The recent action comes amid the ongoing tension between India and China after the violent standoff on June 15 in Galwan Valley area in eastern Ladakh in which both sides suffered casualties. President Trump said on Wednesday that he had delayed his proposed increased tariffs on USD billion worth of Chinese goods from October 1 to October