We examine the patterns of media ownership in 97 countries around the world. We find that almost universally the largest media firms are owned by the government or by private families. Government ownership is more pervasive in broadcasting than in the printed media. Government ownership of the media is generally associated with less press freedom, fewer political and economic
dollars, just next to that of Japan. This enabled China to stand the As shown by Graph 1, the exchange trials of the Asian financial crisis, shield rate of the yuan(RMB) fell dramatically ing the renminbi from devaluation