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Media Experts Urge Improved Financial News Coverage
Journalists and academics at a media conference in Beijing Thursday appealed to media of China and the United States to provide accurate, timely and credible financial news for the market and investors.

The just-ended Second Sino-US Media Conference drew many Chinese and US academics and journalists, including those from the Wall Street Journal, New York Times, Financial Times, Bloomberg, and China Daily.

"We need a media committed to timely, accurate, and independent analysis of information," said Christian Murch, chairman of the American Chamber of Commerce in China.

According to a recent report from the Nieman Foundation for Journalism at Harvard University, the current US media focuses mainly on how companies are striving for maximum profits at the expense of ignoring disadvantaged people.

Experts also voiced concern about the same problem during China's industrialization, saying that the Chinese media is paying inadequate attention to the interests and needs of disadvantaged people.

Other topics discussed included the media's role in the release of financial news, information analysis, and the responses from the market and consumers to that news and analysis.

The two-day conference was jointly sponsored by the Center for International Communication Studies at Tsinghua University and the National Committee on US-China Relations (NCUCR).

The first conference was held in Washington in 1998 by Harvard University and NCUCR.

(Xinhua News Agency November 22, 2002)

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