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BEIJING (Reuters) – Many Chinese language are venting their frustration on the slowing economic system and the weak inventory market in an unconventional place: the social media account of the U.S. Embassy in Beijing.
A publish on Friday on defending wild giraffes by the U.S. embassy on Weibo, a Chinese language platform much like X, has attracted 130,000 feedback and 15,000 reposts as of Sunday, lots of them unrelated to wildlife conservation.
“May 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 turn out to be 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 concerning the market and the economic system, Chinese language authorities recurrently block what they view as “damaging” on-line feedback once they achieve traction.
The feedback operate on posts associated to the economic system or the markets on social media platforms may also be turned off, or solely present chosen feedback, limiting channels through which individuals can categorical their opinions.
China’s blue-chip CSI300 Index tumbled 6.3% final month, plumbing five-year lows, after a raft of presidency help measures did not prop up confidence dented by a number of financial headwinds, together with a multi-year property droop, 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 alternative impact.
On Friday, the official Individuals’s Day by day revealed an article with the headline: “Your complete 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: “Your complete giraffe group is stuffed with optimism.”
(Reporting by Beijing Newsroom; enhancing by Miral Fahmy)
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