If you live in the west then exact same dynamics apply. The media is owned by the oligarchs, and much of the media in all the western sphere is dominated by US.

And to answer your question it's clear to anybody who follows news that US press lies to a far greater extent. The whole notion that privately owned press in the hands of the oligarchs is somehow more objective than government owned press has no basis in logic or reality.

I'm also not speaking in any absolutes, I'm simply telling you that objectively speaking there is plenty of evidence that western press regularly engages in outright misinformation and lies. Chinese press has a bias, because any press has a bias, but I've yet to see it spread conspiracy theories like Russiagate. This is a perfect example of a huge misinformation campaign orchestrated by western media that has been thoroughly debunked, yet large portion of western public still believes it and regurgitates it today. That's just one example.