Economic Daily


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. The Economic Daily is pro-business, and the tone is conservative.

History

The newspaper was first published on 1 January 1983.
In 1984, Deng Xiaoping wrote an inscription for the Economic Daily.
In March 2018, Economic Daily won the Third National Top 100 Newspapers in China.
In October 2020, the United States Department of State designated the Economic Daily as a foreign mission of China.

Hoax

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 . The article, written by Economic Daily reporters Wu Hongbo and Liu Donghua, praised the "invention" of Wang Hongcheng for transforming water into gasoline as "China's fifth greatest invention" after the traditional Four Great Inventions. However, the water-to-gasoline technology was later deemed a hoax and pseudoscience, and in 1998, its initiator, Wang Hongcheng, was sentenced to 10 years in prison.

Organization

The Economic Daily is published by the Economic Daily Press, a deputy-ministerial-level institution. It is managed by the Central Propaganda Department of the Chinese Communist Party.