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Joint-venture paper planned

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SHENZHEN authorities are planning to launch a daily newspaper with a Hongkong partner, government spokesman Mr Huang Xinhua said.

''We are prepared to strengthen exchange and co-operation with overseas news media,'' Mr Huang said yesterday.

If the plan went ahead, it would be the first joint-venture newspaper in China. Mr Huang said the paper would focus on economic news at first.

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One of the arrangements under consideration was to set up a separate organisation under the municipal government to take part in the project, he said.

Mr Huang would not confirm speculation he would be appointed head of this organisation.

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He said talks were underway with several Hongkong newspapers, but a final decision had yet to be made.

A Hongkong-based conglomerate has recently reached an agreement with a subsidiary of the People's Daily to publish a joint-venture magazine.

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