China restricts access to online video content

Chinese authorities have shut down online video services of three media sites, leading Chinese Internet shares of Weibo and SINA to tumble. According to the Chinese State Administration of Press, Publication, Radio, Film and Television, the measure ‘will provide a clean and clear Internet space’. According to analysts, the ban is not likely to be permanent, yet it will probably lead to the re-opening of video services ‘with beefed-up oversight’.