China has been accused of censoring reports about the financial chaos in the country, stopping its citizens from looking for reports about what’s going on.
China’s “Black Monday” has sent share prices around the world into freefall, and has led to renewed worries about a slowdown in growth in the country. But its citizens don’t seem to be able to find out why.
Baidu, the country’s biggest search engine, is censoring results related to the chaos, according to George Chen, managing editor of the international edition of the South China Morning Post. When searching for the Chinese characters that translate to stock disaster, the results say that "Due to related rules & policy, some search results won't be shown".
Chinese news sites are mostly hiding the stories on their front pages — though they are covering the huge collapse.
read more
China's 'Black Monday' wipes hundreds of billions off world markets in a single day
Black Monday sees shares slump 8% as panic spreads to Europe and US
China's Black Monday explained: What is it – and how will it affect you?
Xinhuanet, a news site that is run by the state-run Xinhua News Agency, makes little mention of the crash. As with the People’s Daily, another official news site run by the ruling Chinese Communist Party, it buries its report on the crash low down on its home page — where it is only the third-highest story in its business section.
But both sites are reporting the stories, if readers make it there. The People Daily’s report has the headline “Stocks plunge most since 2007 as State support measures fail”, and Xinhuanet has running live updates on the news with the title “China stocks see sharpest decline since 2007”.
The Chinese state interventions mentioned by the domestic press have been sharply criticised by those outside of the country.
"The Chinese government's intervention into stock markets has proven counter-productive,” said Jasper Lawler, market analyst at CMC Markets.
