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