 "China News" ran into financial difficulties in 1996 and received capital injection from I-Mei Foods, but the management of the newspaper was unchanged.In May 1999, I-Mei Foods acquired 50 percent stake in the newspaper for NTD$60 million (US$1.8 million).The newspaper's name was changed to "Taiwan News" to reflect the newspaper's new focus on readers in Taiwan and to avoid confusion with "China Daily" and China News Service.