Chinese social media platform Weibo has banned a prominent finance writer for commenting about the country’s stock market and unemployment rate.
Wu Xiaobo, alongside two other writers who were not fully named, «attacked and undermined» Chinese policy and spread «negative and harmful information», according to a statement by Weibo, a major Chinese social media platform.
Wu is one of China’s most influential writers about finance, having published best-selling books in the country and amassed about 4.7 million followers on Weibo.
It is unclear what exactly triggered Wu’s ban and his recent posts have also been deleted.
Content Control
China has a history of cracking down on negative online content, especially when market sentiment is weak.
In mid-2022, analyst Hong Hao’s social media account was suspended for unspecified violations following bearish reports about China. He left state-owned Bank of Communications shortly after following a 10-year tenure to join Shanghai-based GROW Investment Group.
