This book analyzes the risk cultures in China that have emerged from the entanglement of new communication technologies and financial markets, examining the role that digital media play in Asian modernity and offering an alternative narrative to that of the West. The book illustrates the impact of exclusively Chinese digital media on power dynamics within risk definition, arguing that information and communication technologies (ICTs) empower individuals, enabling them to compete with an expert-oriented risk culture controlled by Government- and banker-led media outlets. With struggles, competitions, compromises, and confrontations, major communicators in financial world are collectively producing risk cultures based on interpersonal relations instead of contractual obligations, in which insider information is valued over professional analysis. Meanwhile, investors are trapped in a risk culture paradox that they themselves have produced, as they attempt to take advantage of other actors’ uncertainties and eventually produce risks for the entire market.
Chapter One: Digital Media and Risk Cultures—An Introduction
Chapter Two: Major Players of Risk Communication
Chapter Three: Communicating Stock Quotes
Chapter Four: Communicating National Affairs
Chapter Five: Communicating Company Information
Chapter Six: Stock Commentators and Commentary
This book series explores Asian culture and digital technologies in a socio-economic, cultural, and technological context. It focuses on not only the celebratory achievement of local popular culture through the analysis of media texts, but also the significance of social milieu in the development of local digital technologies. Books in this series emphasize the economic and industrial aspects of popular culture and digital culture to articulate the relationship between cultural industries, the global market, and government, acknowledging that digital technologies and culture are fundamentally altering the ways in which we communicate.