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There's a Connection Between CN’s Repression and Market Shocks

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发表于 1-11-2016 17:03:23 | 只看该作者 回帖奖励 |倒序浏览 |阅读模式
L Gordon Crovitz, China Disappears Information; There is a connection between Beijing’s repression and last week’s market shocks. Wall Street Journal, Jan 11, 2016 (his column is titled “Information Age”).
http://www.wsj.com/articles/chin ... ormation-1452461871
("There’s a connection between Beijing’s repression and last week’s collapse of its stock market. International investors have long trusted Hong Kong as a haven for information about China. The Communist Party has always censored political speech in China, but until recently the Politburo understood that being part of global markets requires an open flow of information. Beijing’s censorship now suppresses economics as well as politics")

Note:
(a) "Analysts trying to understand the volatile Chinese stock market should pay a visit to a gritty building on Lockhart Road in Hong Kong. They’ll find a reminder of the risks of operating in an authoritarian country where providing information is a crime.  On the second floor is Causeway Bay Books"
(i) Lockhart Road  駱克道
https://en.wikipedia.org/wiki/Lockhart_Road
(ii) The Scottish surname Lockhart is "of uncertain origin."

(b) "The case [of disappearance of five persons] shows Beijing is willing to create international incidents to control information. Just before the store closed, its two best sellers were '2016: Collapse of the Communist Party of China [東方亮, 2016中共崩潰. 新視界傳媒, February 2015]' and 'Shen Bing’s Account: My Story With Zhou Yongkang [沈冰自述——我和周永康的故事. 飆笛出版社, 2014],' in which the author, a state-TV anchorwoman, describes her affair with Mr Zhou"

In other words, neither book was published by Causeway Bay Books.


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