as much as 0.9% against the dollar to a seven-month low on Monday as trading resumed following a holiday.
China has cracked down on the nation’s web of “expert networks” relied upon by hedge funds and others for their insight, while Chinese financial data providers including Wind Information Co. recently stopped providing detailed data on domestic companies to overseas clients. The government has a history of taking extreme measures to shore up sentiment in the stock market. In 2015, when a bubble burst, authorities banned major stockholders from selling shares, curbed short selling and directed state funds to purchase equities.a two-month campaign to crack down on commercial platforms and social media accounts that posted finance-related information deemed harmful to the economy.
Other outspoken commentators have been suspended from social media before. Well-known economist Ren Zeping was from Weibo in January last year after posting comments calling on the central bank to print money to pay for subsidies to encourage births.