China’s war on financial reality
The official market narrative is being policed with increasing ferocity
Hu xijin is best known for his calls to prepare for war with America. But recently the 63-year-old nationalist media personality has been exhorting his countrymen to invest in Chinese stocks. On July 7th he told 25m followers on Weibo, a social-media site, that he had opened a trading account with 100,000 yuan ($13,900). Stop buying homes, he pleaded, and start piling into the stockmarket.
This article appeared in the Finance & economics section of the print edition under the headline “Positive thinking”
From the July 15th 2023 edition
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