BEIJING (Reuters) - China has shut a respected business newspaper's website and opened an investigation, state media said on Friday, after executives confessed they extorted "huge payments" from companies in exchange for quashing critical stories.
The official Xinhua news agency reported last month that eight suspects, some working at the 21st Century Business Herald and others at public relations firms, were under investigation.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!