Beijing has launched its first official 24-hour news Web site - Qian Long (Thousand Dragons) at www.21dnn.com . 'The time is ripe to launch a specialised news site,' said an official of the site. 'Ours is the first and we will benefit from being ahead of the field. The Internet has developed enough in China to be ready for this. We will have an official launch at the end of the trial period.' The site, which carries almost 1,000 news items a day, started a three-week trial period on Monday. It is updated every five to 10 minutes and provides comprehensive and exclusive news provided by nine official media, including Beijing's three morning and one evening newspaper, television stations and radio. But the site yesterday made no mention of the news of the day - the suicide of Li Fuxiang, director of the State Administration of Foreign Exchange. News of the suicide appeared on Thursday on a chat-line operated by privately owned Sina.com, the country's most popular Web site and which listed on the Nasdaq in March. 'Beijing wants to win back those who get their news from these private Web sites and make news an official monopoly,' said an executive in a publishing company. 'The government is full of contradictions. It wants to develop the Internet and these private companies are the best in the country. But it is fearful of losing control over information,' the executive said.