Caixin Media Wins U.S. Journalism Award as the First Asian Media

Caixin Media, a two-year-old business news group in China, has been named the recipient of the 2011 Shorenstein Journalism Award, according to an article posted on the group's website.

This is the first time that the award has been granted to a media outlet in Asia since it was launched in 2002, the article said, citing the Walter H. Shorenstein Asia-Pacific Research Center of Stanford University.

Beijing-based Caixin was selected for its commitment to integrity in journalism, the center was quoted as saying.

Caixin runs several publications, including the English-language Caixin Weekly: China Economics and Finance and a Chinese- and English-language news portal Caixin.cn.

On Dec. 7, Caixin's founder and Editor-in-Chief Hu Shuli and Managing Editor Wang Shuo will visit Stanford to accept the Shorenstein Journalism Award and a cash prize of 10,000 U.S. dollars.

The award was originally set up to "recognize the contributions of Western journalists" in deepening American readers' understanding of Asia, and 2011 marks the first year that Asian journalists and media outlets were eligible candidates, according to the center.

Source: Xinhua