BEIJING (Reuters) – Many Chinese language are venting their frustration on the slowing financial system and the weak inventory market in an unconventional place: the social media account of the U.S. Embassy in Beijing.
A submit on Friday on defending wild giraffes by the U.S. embassy on Weibo, a Chinese language platform just like X, has attracted 130,000 feedback and 15,000 reposts as of Sunday, lots of them unrelated to wildlife conservation.
“Might you spare us some missiles to bomb away the Shanghai Inventory Alternate?” one person wrote in an repost of the article.
The Weibo account of the U.S. embassy in China “has change into the Wailing Wall of Chinese language retail fairness buyers”, one other person wrote.
The U.S. embassy didn’t instantly reply to a Reuters request for remark.
Whereas Weibo customers can publish particular person posts in regards to the market and the financial system, Chinese language authorities often block what they view as “adverse” on-line feedback after they acquire traction.
The feedback perform on posts associated to the financial system or the markets on social media platforms will also be turned off, or solely present chosen feedback, proscribing channels through which folks can specific their opinions.
China’s blue-chip CSI300 Index tumbled 6.3% final month, plumbing five-year lows, after a raft of presidency help measures didn’t prop up confidence dented by a number of financial headwinds, together with a multi-year property hunch, tepid home consumption and deflationary pressures.
In late January, state media reported that China will take extra “forceful” measures to help market confidence after a cupboard assembly chaired by Premier Li Qiang.
Chinese language authorities have since ramped up efforts to calm buyers, sending out constructive messages that generally produce the other impact.
On Friday, the official Folks’s Every day revealed an article with the headline: “The whole nation is stuffed with optimism”.
The headline was quickly mocked on Chinese language social media.
A Weibo person, in an repost of the U.S. embassy’s giraffe safety article, wrote: “The whole giraffe group is stuffed with optimism.”
(Reporting by Beijing Newsroom; modifying by Miral Fahmy)
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