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China Tells Media To Stop Talking About The Cash Crunch, And To Say That Everything Is Just Fine

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JOE WEISENTHAL
Business Insider
July 2, 2013

Nothing instills confidence in the financial system like the government issuing a directive to media telling outlets to report that everything is just fine.

Alas, that’s exactly what China has done.

The FT reports:

In a directive written last week and transmitted over the past few days to newspapers and television stations, local propaganda departments of the Communist party instructed reporters to stop “hyping the so-called cash crunch” and to spread the message that the country’s markets are well stocked with money.

Full article here

This article was posted: Tuesday, July 2, 2013 at 5:25 am





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