The quality of reporting at the five key local outlets we met with (21st Century Business Herald, Caixin, The Economic Observer, China Securities Journal and China Business News) remains solid. These are widely read by regulators, party officials, institutions and many corporates. They are writing on tough subjects, use multiple sources and are robust in their questioning. A standout remains Caixin, the business magazine, which is among the most aggressive in reporting China’s story. It also has the liveliest newsroom.