China silences prominent market analyst as economic slump deepens

  • 📰 cnni
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Chinese social media have shut down the accounts of a prominent market analyst

Over the weekend, Tencent's WeChat froze the public account of Hong Hao, managing director and head of research at BOCOM International, the investment banking arm of Bank of Communications, a state-owned bank and China's fifth largest. The move came after he posted about huge outflows of capital from the country and made bearish forecasts about the Chinese stock market on social media."All content has been blocked.

Shan Weijian, founder and chair of Hong Kong-based private equity firm PAG, recently criticized the government for policies that resulted in a"deep economic crisis," according to the Financial Times, citing comments he made at a meeting with brokers. PAG did not respond to a request for comment. Foreign investors are ditching China.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is the real face of China. They will always shut down, block and arrest people and groups who expose the reality of China to the outside world. They always want to paint a rosy picture of China.

Xijinping should be sanctioned by NATO, why is it not happening WHY UN

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines