China bans writers from Weibo for comments on stocks, jobless rate

A man checks his phone on a subway train in Shanghai, China. A statement issued by the twitter-like Weibo Monday said the writers have “attacked and undermined” China’s current policies and management systems. — Reuters

China banned Wu Xiaobo, a well-known finance writer, as well as two of his peers from writing on the Chinese social media platform Weibo for allegedly spreading “negative and harmful information” about the nation’s unemployment rate and the stock market.

A statement issued by the twitter-like Weibo Monday said the writers have “attacked and undermined” China’s current policies and management systems. The statement and state media reports didn’t give details of what the finance writers had written or disclose the names of the other two.