Abstract:By using the data of non state listed companies, our paper find that it is easier for the companies with political ties to get long term loans and have longer term of the loan than the companies with no political ties. It shows it is prevalent for non state listed companies using relation debt financing. Further investigations indicate that this phenomenon is more prevalent during monetary contraction period, and this phenomenon would lag as the enforcement of media monitoring. And finally, through the competition among different media, it stands to reason that to a certain extent, media monitoring can curb corruption in China.