Chinese authorities is pushing for a new regulation that will allow the state to have 1 percent share in major Chinese internet companies. The proposal will also ensure that the government receives a board seat in such companies.

According to the Wall Street Journal, the law is likely to be applicable to the companies which are covered by the Cyberspace Administration of China and State Administration of Press, Publication, Radio, Film and Television.

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The proposal indicates that the Chinese government is looking to have more control over internet firms, including the western ones. The government is already held responsible for the withdrawal of critical blogs and articles from the internet.

President Xi Jinping launched a massive internet crackdown after assuming his role in 2013. Recently, the government allegedly asked Apple to pull the plug on its iTunes Movies and iTunes Books services. The order was passed under a new rule that bars foreign companies from online publishing.

A partnership between Alibaba and Disney was put on hold in a similar manner. However, it is not just big western companies, but also new age bloggers and content creators who are facing the brunt. Papi Jiang, one of the most recognizable internet celebrities in China, found her material removed recently due to her use of expletives. She later apologized.

President X recently stated that the internet needs to be "imbued with positive energy and mainstream values."

The new proposal is rather vague in terms. It is also highly probable that it may not materialize into a law. However, it shows the government's growing penchant for controlling content online.

Tagsapple, Papi Jiang, Alibaba, Disney, Internet Firms