China’s Party-Run Media Is Silent on Market Mayhem

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The New York Times
Date: AUG. 25, 2015
By CHRIS BUCKLEY

HONG KONG — After China’s stock markets crumpled, prompting a global

Tuesday's People's Daily did not mention the stock markets. Credit The New York Times
Tuesday’s People’s Daily did not mention the stock markets. Credit The New York Times

sell-off, People’s Daily, the premier newspaper of the Chinese Communist Party, had other things on its mind.

There was no mention of the market mayhem on the newspaper’s front page on Tuesday, when it featured a report about economic development in Tibet. Indeed, there was not a single reference to the stock markets throughout the entire 24 pages of the paper, which dwelled instead on the forthcoming 70th anniversary of Japan’s defeat in World War II.

The silence continued on Wednesday, when the paper again did not report on the stock market upheavals, although it did have articles about Chinese central bank decisions and Prime Minister Li Keqiang’s restatement of confidence in the broader economy, despite the effects of what he called global “market volatility.”

It was a telling sign that, while Republican aspirants to the White House have upbraided Beijing over the stock market turmoil, China’s leaders were sticking to their habit of staying above the public fray when policies turn sour.     [FULL  STORY]

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