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What should worry us in China
By Ian Bremmer (original source Ekathimerini)
“In July, China Digital Times, a US-based news aggregator that monitors China’s media, published a leaked document that allegedly informed Chinese journalists who cover the country’s financial markets that their government is watching.
“Do not conduct in-depth analysis, and do not speculate on or assess the direction of the market,” the memorandum warned. “Do not exaggerate panic or sadness. Do not use emotionally charged words such as ‘slump,’ ‘spike,’ or ‘collapse.’” We now know the Chinese government was serious about this. In recent days, state-run media have broadcast “confessions” from journalists who have accepted responsibility for recent turmoil in China’s benchmark Shanghai stock market.”
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