China bans ‘negative’ finance writers as stock market sinks

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China banned a prominent finance writer from Weibo for commenting about the country’s stock market and unemployment rate.

Wu Xiaobo and two other writers who weren’t fully named “attacked and undermined” Chinese policy and spread “negative and harmful information,” according to a statement by Sina Corp’s Weibo.

He regularly writes for Caixin Global and has published bestselling books on Tencent Holdings Ltd and China’s economic transformation.The suspensions are likely to increase concern among foreign investors about access to independent information on Chinese companies and the economy at a time when the investing outlook is deteriorating.

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