This article aims to expose the hegemony of neoliberalism in media discourse through a corpus-assisted discourse study of the representations of the Sino-US currency dispute in two newspapers – China Daily (CD) from China and The New York Times (NYT) from the US. The findings suggest that while neoliberal ideology can be identified in both CD and NYT, it is articulated and appropriated differently in the two newspapers to construct their respective stance towards the issue. Neoliberal beliefs are found pervading different levels of discourse (i.e., thematic, lexical and grammatical) in NYT to construct a combative stance towards China’s exchange rate policies. However, the hegemony of neoliberalism can also be detected through CD’s ambivalent stance towards change and the seemingly contradictory evaluation of the impact of exchange rate changes.
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