Gov to Web: Happy News it Up

Posted on September 10, 2008
Filed Under Apparatchiks, China Internet |

The South China Morning Post reports:

First it was fund houses, then brokerages. Now, the cyber world is the target of a Beijing clampdown amid fears that pessimistic comments and bitter complaints about the mainland’s slumping stock markets may lead to social disunity.

Major financial websites on the mainland have been verbally informed by the propaganda department to sift out negative and sensitive commentaries, reports and headlines about the hard-hit markets, according to three online editors.

The internet censorship is another sign that mainland regulators have lost their grip on the plunging market and are desperate to avoid provoking public ire about the government’s inertia.

The pessimistic comments and bitter complaints don’t lead market sentiment, they reflect it.

Have a nice day and don’t forget to re-arrange the deck chairs on the way down.

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