Why would that be a bad thing? The Republicans influence FoxNews. The Democrats influence CNN. Why wouldn't China also influence some outlets? It's a free market, you don't like a media source, you are free to use one suitable to your bias.
It's not a free market for manipulation. There are laws and rules designed to safeguard open and free exchange of information and opinions, and covert influence is regularly forbidden. The big difference is that domestic influence is much easier to (eventually) unveil (see Watergate, Snowden, panama papers etc.). Foreign influence is harder to detect if it comes from a country that executes its whistleblowers and dis…
Advertising, lobbying, PR, think tanks, ... are all legal. They are all in the market for manipulation.