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Is Shanghai Newspaper Group a state-owned enterprise?

Shanghai Newspaper Group should be a state institution, not a state-owned enterprise.

Shanghai Newspaper Group is formed by the integration and reorganization of Jiefang Daily Newspaper Group and Wen Hui Xinmin United Newspaper Group. It owns more than 20 newspapers, including 8 daily newspapers such as Jiefang Daily, Wen Hui Daily, Xinmin Evening News, Shanghai Daily and Morning News, as well as more than 10 weekly newspapers and branch life such as Jiang Shen Service Herald and Newspaper Digest.