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China: Using censorship to hide big economic issues
  • According to the Financial Times, the Chinese authorities have banned alternative financial forecasts sites and other sources. In Shanghai, authorities have arrested 14 suspects of stock manipulation, deleted more than 17,000 Web entries containing "malicious information" and closed more than 8,000 illegal online accounts.

    The Chinese authorities attribute the arrests to the fight against stock price manipulation, which is carried out on air, through instant messengers and other channels. In particular, a financial blogger with more than 5 million subscribers, Huang Sheng, was arrested, and his WeChat and Weibo accounts were blocked. Another blogger, Xu Xiaofeng, did not post since July, and blogger Yi Wei's Weibo posts were simply deleted.

    It is believed that such measures will silence those whose opinions differ from the official government version. In this case, investors will be deprived of information about the real situation in the economy. An anonymous source also confirmed that China has removed household and company statistics and other data from the public domain.

    The source also writes that now there may be only 10 people in the world who know information about the economic plans and decisions of Beijing. These are the President of the People's Republic of China Xi Jinping, members of the Politburo committee and some key officials.

  • 1 Reply sorted by
  • Good grief. Is CCP trying hard to tank the economy? This is only but one of many measures they've been doing which are anti innovation / growth / entrepreneurship / markets.

    Guess Xi doesn't care about the economy, only cares about maintaining his grip on power.