The China Xinhua News Network Corporation (CNC ) is a Chinese

People's Republic of China

China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...

 state-owned

State media

State media or state-owned media is media for mass communication which is ultimately controlled and/or funded by the state. These news outlets may be the sole media outlet or may exist in competition with privately-controlled media.-Overview:...

 television network

Television network

A television network is a telecommunications network for distribution of television program content, whereby a central operation provides programming to many television stations or pay TV providers. Until the mid-1980s, television programming in most countries of the world was dominated by a small...

 owned by the Xinhua News Agency

Xinhua News Agency

The Xinhua News Agency is the official press agency of the government of the People's Republic of China and the biggest center for collecting information and press conferences in the PRC. It is the largest news agency in the PRC, ahead of the China News Service...

 that began broadcasting on January 1, 2010. It was launched alongside with CNC Chinese and CNC Finance and Business Channel.

The CNC World

CNC World

CNC World is a 24 hour global English-language news channel, launched on July 1, 2010. It is 51% owned by the China Xinhua News Network Corporation, and 49% by private investors, including Chinese home appliances maker Gree....

 Channel will initially broadcast programs in Chinese

Chinese language

The Chinese language is a language or language family consisting of varieties which are mutually intelligible to varying degrees. Originally the indigenous languages spoken by the Han Chinese in China, it forms one of the branches of Sino-Tibetan family of languages...

 24 hours a day, with plans to broadcast English language

English language

English is a West Germanic language that arose in the Anglo-Saxon kingdoms of England and spread into what was to become south-east Scotland under the influence of the Anglian medieval kingdom of Northumbria...

 programs from July 2010 and other languages. It broadcasts in the Asia-Pacific region

Asia-Pacific

Asia-Pacific or Asia Pacific is the part of the world in or near the Western Pacific Ocean...

 and some Europe

Europe

Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...

an countries, as part of its plans to "transform itself into a multi-media world news agency". The channel is aimed at a foreign audience, but will still be viewable from within mainland China

Mainland China

Mainland China, the Chinese mainland or simply the mainland, is a geopolitical term that refers to the area under the jurisdiction of the People's Republic of China . According to the Taipei-based Mainland Affairs Council, the term excludes the PRC Special Administrative Regions of Hong Kong and...

.

The cost of the operation is around 45 billion yuan

Chinese yuan

The yuan is the base unit of a number of modern Chinese currencies. The yuan is the primary unit of account of the Renminbi.A yuán is also known colloquially as a kuài . One yuán is divided into 10 jiǎo or colloquially máo...

 ($

United States dollar

The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....

9.24 billion).