My Life and Times in Chinese TV
"After Tiananmen, the consensus within the CCP was that loosening of propaganda controls had gone too far. The Party had to forestall demands for freedom of expression while continuing reforms to make the country rich. In the early 1990s, the Party began to sell off low-performing state enterprises and allowed foreigners to buy up to 20-30 percent of those that the government kept—including telecommunications. After unprofitable media firms had been sold off, the remaining channels and networks were consolidated, and adopted more flexible hiring and firing practices. The CCP Organization Department put trusted people in top positions. These children of military leaders, or self-made men who had built strong credentials in the bureaucracy—for example, through work in the Communist Youth League—now oversaw increasingly fluid staffs."
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