China Bans ‘Negative’ Finance Writers as Stock Market Sinks
- Influential author Wu Xiaobo suspended from Weibo for posts
- Bans reinforce foreign investor concern about transparency
This article is for subscribers only.
China banned a prominent finance writer and two of his peers from social media platform 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 on Monday.