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The economic powerhouse of China is increasingly showing characteristics of a market style economy. The country’s media is also heading this way with all of its newspapers, which are entirely owned by the Chinese Government, now becoming more commercially driven, especially due to subsidy cuts in 2003. This study looks at a collection of data which display a rapid growth of private enterprise in China since 1989. The data results also show Chinese newspapers to have a narrower range of sources in financial reporting than do non-Chinese newspapers – those foreign language papers in China and newspapers from another country. This narrow sourcing of stories is taken to be an indicator of the quality of the Chinese financial reporting. It finds that the sample of Chinese newspapers was far more likely to use Chinese Government sources than non-Chinese newspapers. This study suggests then, that the non-Chinese press is more likely to display quality reporting based on their use of non-government sources, and that this outcome is likely to benefit both their own economic interests and those who consume that press content.

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