China Censors Bad Economic News Amid Signs of Slower Growth

#1

Post by CPAhem » Tue, Oct 02, 2018, 5:13 AM UTC

China Censors Bad Economic News Amid Signs of Slower Growth
nytimes.com

Re: China Censors Bad Economic News Amid Signs of Slower Growth

#2

Post by advizon » Tue, Oct 02, 2018, 6:32 AM UTC

Haha, typical China. There's something we don't like? Let's censor it. Pathetic and scary at the same time.

Re: China Censors Bad Economic News Amid Signs of Slower Growth

#3

Post by bayesian_horse » Tue, Oct 02, 2018, 7:15 AM UTC

It would really have surprised me to hear that they didn't.

Though there seems to be some relevance to the government's numbers, otherwise the market would totally ignore them.

Re: China Censors Bad Economic News Amid Signs of Slower Growth

#4

Post by alecco » Tue, Oct 02, 2018, 7:46 AM UTC

The kind of "bad economic news" censored:

TABLE-China bond defaults rise over 56 pct from 2017 at $8.74 bln

https://www.reuters.com/article/china-economy-defaults/table...

Re: China Censors Bad Economic News Amid Signs of Slower Growth

#5

Post by ciucanu » Tue, Oct 02, 2018, 7:53 AM UTC

I wouldn't be surprised to read this kind of news about some of the Eastern Europe countries in the future.

Re: China Censors Bad Economic News Amid Signs of Slower Growth

#6

Post by switch007 » Tue, Oct 02, 2018, 8:04 AM UTC

ciucanu wrote: post #5

I wouldn't be surprised to read this kind of news about some of the Eastern Europe countries in the future.

I wouldn't be surprised to read this kind of news about Western European countries in the future !

Re: China Censors Bad Economic News Amid Signs of Slower Growth

#7

Post by ciucanu » Tue, Oct 02, 2018, 8:15 AM UTC

switch007 wrote: post #6

ciucanu wrote: post #5

I wouldn't be surprised to read this kind of news about some of the Eastern Europe countries in the future.

I wouldn't be surprised to read this kind of news about Western European countries in the future !

East 2nd, East 2nd, at least this time.

Re: China Censors Bad Economic News Amid Signs of Slower Growth

#8

Post by glandium » Tue, Oct 02, 2018, 8:24 AM UTC

I'm not particularly convinced this is much worse than what happens in the west, where people get their news from biased sources, be they Fox News, CNN, or Facebook. Sure, there's the theoretical difference, censorship is bad, etc., but practically speaking, the result does not feel that different...

Re: China Censors Bad Economic News Amid Signs of Slower Growth

#9

Post by charlysl » Tue, Oct 02, 2018, 8:29 AM UTC

glandium wrote: post #8

I'm not particularly convinced this is much worse than what happens in the west, where people get their news from biased sources, be they Fox News, CNN, or Facebook. Sure, there's the theoretical difference, censorship is bad, etc., but practically speaking, the result does not feel that different...

It is much worse, given that in the west biased reporting and cover ups can be publicly denounced, whether by other biased sources at the other end of the spectrum or in social media, whereas in China it is not allowed to disclose by any means that bad economic news is being suppressed.

Re: China Censors Bad Economic News Amid Signs of Slower Growth

#10

Post by dis-sys » Tue, Oct 02, 2018, 8:30 AM UTC

alecco wrote: post #4

The kind of "bad economic news" censored: TABLE-China bond defaults rise over 56 pct from 2017 at $8.74 bln https://www.reuters.com/article/china-economy-defaults/table...

how about not to selectively ignore the total market size? that is as bad as censorship.

$8.74 bln defaulted out of the $11 trillion market [1].

[1] https://www.bloomberg.com/news/articles/2018-06-07/china-s-1...