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China Financial Blog Clamp Chokes Off Vital Data: FT

Photo: Reuters

 

(AF) Beijing has stamped out financial blogs and social media, choking off a valuable source of data that had helped eliminate some of the opacity about markets in the world’s second-largest economy, the Financial Times reported.

The latest salvo in an authoritarian clampdown on parts of the economy that has also hit the fintech, private education, gaming and consumer tech sectors saw the Cyberspace Administration seek to stymie pessimistic comments and market sceptics, the report stated. Full report: Financial Times

 

Also on AF:
The Hit List: How China’s Crackdowns Have Cost Its Firms Billions

 

Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.

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