China’s New Express newspaper, which made front-page appeals for the release of its journalist Chen Yongzhou last week, apologized on the weekend for Chen’s “fabricated” stories on a listed company, Xinhua reported on Sunday. Chen confessed to police in Changsha, Hunan province, to fabricating a series of reports on Zoomlion Heavy Industry Science & Technology Development Co., Ltd. (000157.CN; 01157.HK) in return for money. The Guangzhou-based newspaper said it failed to verify Chen’s stories. “A preliminary police investigation showed that our reporter Chen Yongzhou was incited by others to write numerous inaccurate stories in exchange for money, seriously violating the China News Workers’ code of Professional Ethics and the principle of news authenticity. Meanwhile, the newspaper failed to carefully review the reports,” the newspaper said in a front-page statement.
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