China's central bank is seeking a police investigation into the circulation...
BEIJING - China’s central bank is seeking a police investigation into the circulation last week on social media of what it called false information saying it had announced a cut in a key bank reserve ratio.
On Friday, private chat groups on China’s popular social media platform WeChat shared what appeared to be a paragraph pasted from a story by the official Xinhua news agency saying that the People’s Bank of China had announced a cut in the reserve requirement ratio , to take effect on April 1.Both Xinhua and Tencent Holdings Ltd, which operates WeChat, did not have immediate comment.
The commentary said monetary policy moves are “by no means a trivial matter”, stressing even if the false information was intended as an April Fool’s joke, those who started it would face legal consequences. China has been stepping up efforts to police potentially destabilizing content on its already stringently censored internet.
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