The new measures took effect immediately upon being issued by the state Xinhua News Agency. The regulations give Xinhua broad authority over foreign news agencies, requiring them to distribute stories, photos and other services solely through Xinhua or entities authorized by Xinhua.
The rules would affect The Associated Press, Reuters and other foreign news agencies seeking wider access to the rapidly expanding Chinese market. It was unclear how other news organizations would be affected.
So China is Censoring things, so what I bet you say. But then you would not have learned the most important rule of Al-Press
the meat is always later in the article
Under a decade-old set of regulations, foreign news agencies were allowed limited distribution of financial data and other information — deals that the new rules appear to rule out
hmmm Financial Data
Hu Jintao's leadership has sought to rein in state-controlled media that have strayed from party dictates in search of profits and market share. Journalists and editors have been fired and arrested.
As part of its new powers, Xinhua also will police the distribution of news in the mainland by agencies from Hong Kong, a former British colony now ruled by China but that operates under separate laws and with a free press. It also affects agencies in Taiwan, which Beijing claims but does not control.
Under the rules, any reports that disrupt "China's economic and social order or undermine China's social stability" will be banned as will news that undermines the country's "national unity, sovereignty and territorial integrity," Xinhua said.
Other news banned by the rules includes information that may "endanger China's national security, reputation and interests," violate "China's religious policies or preach 'evil cults' or superstition," or "incite hatred and discrimination among ethnic groups" or undermine their unity.
Also forbidden is "other content banned by Chinese laws and administrative regulations," it said.
From an older post I found this gem
In 2003, a boom year, their median rate of return on assets was a measly 1.5 percent. More than 35 percent of state enterprises lose money and 1 in 6 has more debts than assets. China is the only country in history to have simultaneously achieved record economic growth and a record number of nonperforming bank loans.
In other words..... Their is bad economic news in China. Foriegn press not only can't report it internally in china this deal also effects their ability to get it internally from china and express it to the outside world.
I will see if when I get home I can dig up some of my other Red Dragon related posts