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China Censors Top Local Media Outlet Over Claims Beijing Is Underreporting Cases, Deaths
China Censors Top Local Media Outlet Over Claims Beijing Is Underreporting Cases, Deaths
Let’s be honest, do you think China is reporting the actual coronavirus cases and deaths? After all, Beijing has been the master of falsifying its economic growth figures for years, what makes you think they’ll change in the reporting of the deadly virus outbreak?
Balaji S. Srinivasan, angel investor and entrepreneur, also former CTO of Coinbase, tweeted Saturday that a top news organization in China, Caijing, had one of their articles banned by Beijing after it noted Chinese officials were significantly underreporting coronavirus confirmed cases and deaths, especially among the elderly.
Caijing is one of the most reputable outlets in China. Their article on the #coronavirus was censored today. It claims significant underreporting of both cases & deaths, especially among the elderly.
Here it is:http://archive.is/ObawP
Translation:https://translate.google.com/translate?sl=zh-CN&tl=en&u=http%3A%2F%2Farchive.is%2FObawP …
Srinivasan said, “If half the claims in this article are true, #nCoV2019 seems to have completely overloaded Wuhan’s healthcare system. It appears particularly deadly for the elderly. But this 45-year-old had to be anesthetized and intubated in order to breathe.”
“In the past two days, he had seen a 45-year-old patient, a family of five, his parents had died of the new coronavirus pneumonia, and his son was infected. The patient’s condition was very serious. She used high-flow oxygen inhalation and non-invasive mask ventilation, but her blood oxygen saturation was only 50%. Finally, she had to be anesthetized and intubated with ECMO.
“Before intubation and anesthesia, she watched us prepare, tears kept flowing down, and that fear made people feel very distressed,” said Shen Jun. There are still many cases like this, “Our doctors have made a decision Determined to do everything possible to treat all patients,” Caijing wrote.
Srinivasan points out that the Chinese newspaper found hospitals in Wuhan and elsewhere were intentionally recording coronavirus deaths as “general pneumonia” to keep the death count low.
…click on the above link to read the rest of the article…
China Loses All Control: Arrests Journalist, Financial Executive Over Market Crash
China Loses All Control: Arrests Journalist, Financial Executive Over Market Crash
For two months, China has been on a quest to control both the stock market itself and the narrative around the stock market.
After an unwind in the CNY1 trillion back alley margin lending complex sparked a late June selloff, China cobbled together a plunge protection team run by China Securities Finance (an arm of CSRC) and began intervening in the market.
That effort has cost an estimated CNY900 billion so far.
On July 20, Caijing magazine suggested that CSF was setting up to scale back the market interventions which many believed had kept the SHCOMP from collapsing altogether. Here’s what happened next:
That suggestion caused futures to slide in China and in short order, the “rumor” was denied by CSRC. Now, the reporter who penned that story has been arrested for, as Bloomberg put it earlier today, “spreading fake stock and futures trading information.”
BREAKING: China’s well-respected Caijing magazine confirmed 1 of its reporters was arrested by police for a stock market story denied by Gov
— George Chen (@george_chen) August 26, 2015
This comes on the heels of a move by Beijing earlier this week to suppress discussion of Monday’s market rout, which, along with the selloffs it triggered in bourses across the globe, was dubbed “Black Monday.”
Of course this isn’t the first time – and it probably won’t be the last – that China has cracked down on the media for “subversive” coverage of financial markets. Early last month, Beijing reportedly banned the use of the phrases “equity disaster” and “rescue the market.” That said, throwing reporters in jail marks a new escalation in the war on financial reporters, or, as the managing editor of The South China Morning Post put it, “you already know it’s risky to be political journalists in China – Now financial reporter is risky job too.”
…click on the above link to read the rest of the article…
