Leading Chinese news editors on Tuesday protested a Rmb30m ($3.8m) libel suit launched by a unit of Taiwanese electronics manufacturing giant Hon Hai against two editorial staff at a local business daily. A court in the southern city of Shenzhen has already frozen financial and other assets held by the two employees of the China Business News following the filing of the suit over a June story alleging excess overtime and other improper practices at the Hon Hai unit. While companies in China have often sued publications over reporting they consider unfair, Hon Hai unit Foxconn's decision to target individual journalists and the scale of the damages it is seeking have prompted an unusually strong response from local media...The Foxconn lawsuit set a "dangerous precedent" and was an "outright challenge" to the role of the media in Chinese society, Chen Tong, editor-in-chief of Sina.com, the country's leading internet news portal, said..."The target of the suit is wrong and for the court to agree to accept it and to freeze accounts and assets is to add wrong to wrong," said Wu Haimin, publisher of the Beijing Times newspaper. "China's news industry should react; this kind of thing cannot be permitted."