China Shuts Social Media Accounts Over Market And Other Rumors
This article is for subscribers only.
China’s Cyberspace Administration imposed punishments on 373 accounts on internet platforms after a recent campaign found them “fabricating and distorting public policy information” and profiting from it.
Some accounts on WeChat, Weibo and Xueqiu were closed after they made up or spread rumors about China discussing a slew of fiscal and economic policies at a meeting, the regulator said in a statement on Saturday. That caused an impact on the stock market, it added.