As China’s economic recovery falters, authorities are cracking down on divergent or negative views. For some analysts at Western banks, who are tasked with keeping global clients informed, the backlash is proving painful
Chinese social media is full of positive takes on grim market news. Commentary such as this is becoming the main message netizens receive about the market, regardless of how it performs. .
There is a reason why Goldman’s analysis has touched a nerve. The Shanghai Composite, a benchmark index, is down by more than 5% since this year’s peak in early May. The index is hovering around 3,200 points, where—except for a few boom-and-bust cycles—it has languished for more than a decade. An uptick in economic activity at the start of the year, as the country left behind its disastrous zero-covid policy, revived hopes of a surge. Now most economic indicators point to a slowdown.
Discussing these trends on social media is becoming increasingly dangerous. Three bloggers, including Wu Xiaobo, one of China’s most prominent financial commentators, were blocked from Weibo in late June, after alluding to negative market moves. The social-media company accused Mr Wu of spreading false information related to the securities industry and undermining government policy.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Putin's successors: The men Western intelligence think could become Russia's next leaderNine former and current intelligence sources hailing from security services in the UK, US and Ukraine have spoken to theipaper to detail who officials believe are the serious contenders to succeed Putin 🔎 Analysis by Richard_AHolmes
Read more »
Preston Western Distributor 50mph speed limit causes confusionCars on the new Preston Western Distributor Pic: Lancashire County Council Highways bosses have explained why the speed limit on the new Preston Western Dis
Read more »
SNP MP Angus MacNeil has party membership suspendedThe Western Isles MP accused the party earlier this week of being 'clueless' on independence.
Read more »
The West Loses Grip On China's Auto Market As Domestic Carmakers Boom | OilPrice.comChinese automakers have captured 54% of the country's wholesale car market in the first half of 2023, up from 48% in the previous year, with NEVs leading the rise.
Read more »
I was told off by a cop for being topless in my home…it’s outrageousA WOMAN “couldn’t stop crying” after being made to feel “disgusting and degraded” by police – for being topless in her own house. Karen Trainor invited the offic…
Read more »
Why NATO's Growing Interest in Asia Is a MistakeEnhancing deterrence against a near-peer rival in Russia is now NATO’s top priority. But that could be undermined if NATO distracts itself in Asia, write Daniel DePetris and Rajan Menon:
Read more »