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China's most important communist newspaper is seeking capitalist investors.

The People's Daily intends to list its website on Shanghai's stock exchange in the hope of raising more than $80m (£51.2m).

The newspaper - the mouthpiece of China's ruling Communist Party - wants the money so the website can compete with its commercial rivals.
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The People's Daily is not known as an easy read.

That is perhaps not surprising, as one of its aims is to "promote the Communist Party's theories and policies".

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Originally posted by JAYNEZTOWN:
Is the West dying?

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