According to the Financial Times, the Chinese authorities have banned alternative financial forecasts to the state. In Shanghai, authorities have arrested 14 suspected stock manipulations, removed more than 17,000 “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, Huang Sheng, a financial blogger with more than 5 million subscribers, was arrested, and his WeChat and Weibo accounts were blocked. Another blogger, Xu Xiaofeng, hasn’t left a 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.
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