Media that might worry about a rising Xinhua are Thomson Reuters ( TRI), News Corp's ( NWSA) Dow Jones News Service and the Financial Times. All three cover blow-by-blow economic policy news announced by Chinese officials as well as the movements of major listed Chinese companies. They already compete viciously with one another for subscriber eyeballs in a media-sphere that's hitting the major companies as readers learn to get their news for free. They're all quoting from Xinhua anyway. Read all about how the Chinese news agency shapes up before taking positions in its overseas rivals. At the time of publication the author had no position in any of the stocks mentioned.Ralph Jennings is on LinkedIn.This article was written by an independent contributor, separate from TheStreet's regular news coverage.