A Panicked China Orders Media To Stick To "Positive Reporting" Or Risk "The Stability Of The Country"
If China's recent record surge in loan creation, and its revision of a key PBOC capital outflow "data" wasn't sufficient proof that the world's second largest economy is on the verge of panic, then the explicit propaganda directive issued to the the local press by China's president Xi Jinping late on Friday should certainly seal it.
As SCMP reports, according to a commentary published by a leading mouthpiece online "having public opinions that are different from the official ones will shake the foundation of the rule of the Communist party and the country."