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Fu Ying Visited Headquarters of Reuters Group
2007/07/04

On 3 July 2007, Ambassador Fu Ying visited the headquarters of Reuters Group, had an informal discussion and a working lunch with CEO Tom Glocer and Editor-in-Chief David Schlesinger.

Mr. Glocer welcomed Fu Ying and indicated Reuters Group has confidence in China's prospects and is ready to make long-term investments and go public in China. Reuters always attaches importance to reports on China and will further reinforce the report as Beijing Olympic Games is approaching.

Fu Ying pointed out that Reuters, well-known in China, has become one of the main information sources of Chinese news agencies, and its press releases are required reading materials for Chinese students to learn English over the years. Despite of "China fever" in recent years in UK, numerous British people still held an obsolete understanding about China in the 1970's. She hoped Reuters to present a real modern China to the public of Britain and the world.

Fu Ying emphasized China is making great efforts to promote social harmony, carry out government affairs openness, perfecting communication system of governments and strengthening supervision of media on government. Chinese media is playing more and more important role in supervising the governments.

Mr. Glocer agreed with Fu and indicated Reuters will lay special emphasis on reporting facts instead of rendering comments. It will report on China's economic and social development comprehensively and objectively to transmit information about China to the world. Reuters is willing to carry forward the long-term friendly cooperation with China.

Mr. Glocer introduced that although Reuters is quite well-known, its business of general news and information service only accounts for 7% of the whole Group. The main business of Reuters Group, providing professional economic and financial information service for contract customers accounts for 93% of its entire business. The two parties also exchanged opinions on feasibility of Reuters being listed in Shanghai Stock Exchange and the ways to strengthen communications between Chinese and British online news media, etc.

Before the discussion, Fu Ying visited the News Hall of Reuters accompanied by David Schlesinger, and was briefed on the organizational structure, staff and operating mode of Reuters.

As one of the four largest news big in the world, Reuters was set up by Baron Reuter,German immigrant to Britain in 1851. At the beginning, Reuter transmitted stock quotations back and forth London and Paris through electric cables between Dover in Britain and Calais in France. Before that Reuter had established his own news agency in Aachen of Germany, transmitting stock quotations to and from Aachen and Brussels with carrier pigeons. Reuters has 2,300 correspondents and editors, 197 bureaus in 130 countries and regions. Reuters' China bureau was established in 1955, which has the largest number of resident correspondents in China among all British media.

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