The Economic Daily was founded in 1981 on the basis of the former China Financial and Trade Post.
Media assets
Publishing: Economic Daily, China Flower & Gardening News, Spotlight Times, China Fashion News, Securities Daily, China Building Materials News, China Fashion Weekly, China Entrepreneur (bimonthly), China Economic Information (bimonthly), Economy (monthly), China Textile News
State Media Matrix Typology: State-Controlled (SC)
Ownership and governance
The Economic Daily is run by the Central Committee of the Chinese Communist Party, according to information from local experts and journalists. Some local media at times referred to the daily’s ownership links.
Source of funding and budget
The Economic Daily generates funding from ad sales, but a large part, of over 50%, of its budget comes from the government, according to local experts and journalists. There is no publicly available data about the income of the Economic Daily.
Editorial independence
The Economic Daily is closely controlled by the Communist Party Central Committee, which is directly involved in shaping its editorial agenda.
There is no statute and no independent assessment/oversight mechanism to validate the independence of the Economic Daily.
October 2023