Chinese journalism has transitioned from a "Golden Age" of investigative reporting in the early 2000s to a highly restricted, fragmented landscape. Institutional media outlets, while state-owned, previously leveraged commercial success to push boundaries through "guarded improvisation"—a dynamic process of navigating shifting political red lines. As traditional business models collapsed and censorship intensified, influence shifted toward individual content creators and transnational diasporic media. These new platforms, while more diverse and creative, struggle with sustainability, fact-checking, and competition from state-aligned networks. Former journalists-turned-academics Luqiu Luwei and Fang Kecheng highlight that despite the decline of traditional investigative powerhouses, the core mission of storytelling persists through new, fluid digital forms, even as the environment for professional journalism remains increasingly precarious.
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