China begins arresting journalists for reporting on global market crash

‘The Chinese government is known for its authoritarianism and secrecy, which helps explain why there has been a crackdown of sorts on any journalists seeking to report the truth surrounding China’s stock market plunge and economic disorder. (Republished from Collapse.news.)

As noted by Zero Hedge, Chinese authorities have been working for two months to control not just the country’s stock market but also the narrative surrounding the market’s recent negative performance.

“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 [China Securities Regulatory Commission]) and began intervening in the market,” Zero Hedge reported. “That effort has cost an estimated CNY900 billion so far.”‘

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