Chinese authorities are to clamp down on “self-media” “bad-mouthing” the economy

News

The Cyberspace Administration of China (CAC) is the country’s cyberspace regulator.

Says it’ll be examining accounts on social media (China describes ‘self media’ as accounts posting news that are not officially registered with authorities) posting economic and financial information, on the lookout for (example):

  • financial news released illegally
  • distorted economic policy interpretation
  • badmouthed financial markets
  • spread rumours
  • disrupted network communications

This has prompted the giant social media platforms, WeChat, Douyin, Sina Weibo and Kuaishou, to begin surveillance themselves. Wechat has set in place a program running through to October 26 that’ll investigate and shut down transgressors, those who “badmouth the financial market” and “blackmail and spread rumours.” 

Articles You May Like

German election preview: History will be made on Sunday, what to watch for
Weekly Market Outlook (17-21 February)
USDCHF moves toward low of trading range since mid-December
UK January CPI +3.0% vs +2.8% y/y expected
Muted Forex Action as Traders Overlook Data, Await RBNZ Cut

Leave a Reply

Your email address will not be published. Required fields are marked *