Economic Daily Explained

Economic Daily
Type:	Daily newspaper
Foundation:	January 1, 1983
Founder:	State Council
Owners:	Central Propaganda Department of the Chinese Communist Party
Publisher:	Economic Daily News Agency
Language:	Chinese
Political:	Chinese Communist Party
Headquarters:	2 Baizhifang East Street, Xicheng District, Beijing

The Economic Daily is a Chinese state-owned newspaper focusing on economic reports. Founded in Beijing on January 1, 1983, the newspaper is managed by the Central Propaganda Department of the Chinese Communist Party.

History

The newspaper was first published on 1 January 1983.^[1]

In 1984, Deng Xiaoping wrote an inscription for the Economic Daily.^[2]

In October 2020, the United States Department of State designated the Economic Daily as a foreign mission of China.^{[3] [4]}

Hoax

See main article: Hongcheng Magic Liquid.

On January 28, 1993, Economic Daily published an article entitled Can Water Really Become Gasoline? —— A Record of Private Entrepreneur Wang Hongcheng and His Invention (水真能变成油吗?——记民营企业家王洪成与他的发明).^[5] The article, written by Economic Daily reporters Wu Hongbo (吴红博) and Liu Donghua (刘东华),^[6] praised the "invention" of Wang Hongcheng (王洪成) for transforming water into gasoline as "China's fifth greatest invention" (中国第五大发明) after the traditional Four Great Inventions.^{[7] [8]} However, the water-to-gasoline technology (水变油技术) was later deemed a hoax and pseudoscience,^[9] and in 1998, its initiator, Wang Hongcheng, was sentenced to 10 years in prison.^[10]

Organization

The Economic Daily is published by the Economic Daily News Agency, a deputy-ministerial-level institution.^[11] It is managed by the Central Propaganda Department of the Chinese Communist Party.^[12]

Notes and References

1. Book: China Publishing Yearbook, Volume 2008 . . 2008 . 620–.
2. Web site: 经济日报 . live . https://web.archive.org/web/20220710044410/www.mfa.gov.cn/ce/ceuk/chn/sybd/zymt/t707301.htm . 2022-07-10 . 2022-07-10 . Embassy of the People's Republic of China in the United Kingdom of Great Britain and Northern Ireland.
3. News: 2020-10-21 . Pompeo says U.S. designates six more Chinese media firms as foreign missions . en . . 2020-10-21 . 2021-01-09 . https://web.archive.org/web/20210109034558/https://www.reuters.com/article/us-usa-china-pompeo-idUSKBN2762D0 . live .
4. Web site: Designation of Additional PRC Propaganda Outlets as Foreign Missions . live . https://web.archive.org/web/20201021173438/https://www.state.gov/designation-of-additional-prc-propaganda-outlets-as-foreign-missions/ . 21 October 2020 . 21 October 2020 . U.S. Department of State.
5. Book: Yu Qiao . China Under the Rampage . Yang Zi . Sichuan University Press . 1993 . 978-7-5614-0836-0 . 248–.
6. Book: Liu Huajie . Chinese Science: From the Perspective of Philosophy and Sociology . Shanghai Jiao Tong University Press . 2004 . 978-7-313-03597-4.
7. News: 2016-08-31 . China's Fifth Greatest Invention After the Establishment of the Chinese Communist Party Is Actually a Hoax . . 2020-09-14 . 2023-02-20 . https://web.archive.org/web/20230220091957/https://www.hk01.com/?utm_source=dwnews&utm_medium=referral . live .
8. News: 2019-04-27 . A Chinese farce that lasted more than ten years . . 2020-09-14 . 2023-02-20 . https://web.archive.org/web/20230220092101/https://www.hk01.com/?utm_source=dwnews&utm_medium=referral . live .
9. News: 2016-04-14 . Originating from the Great Leap Forward and the Cultural Revolution, Hawking's enemies in China . . 2020-09-14 . 2023-02-20 . https://web.archive.org/web/20230220091956/https://www.hk01.com/?utm_source=dwnews&utm_medium=referral . live .
10. Book: Weiping Sun . The "New Culture": From a Modern Perspective . Mingcang Zhang . 25 August 2015 . . 978-3-662-48011-3 . 118–.
11. Web site: Decoding Chinese Politics: Party Center . 11 October 2024 . Asia Society.
12. News: 《经济日报》 . live . https://web.archive.org/web/20200813092744/https://www.chinadaily.com.cn/jjzg/2007-04/16/content_851189.htm . 2020-08-13 . 2022-07-10 . China Daily.