Submitted by Tyler Durden on 02/22/2016 13:08 -0500 at Zero Hedge
If China’s recent record surge in loan creation, and its revision of a key PBOC capital outflow “data” wasn’t sufficient proof that the world’s second largest economy is on the verge of panic, then the explicit propaganda directive issued to the the local press by China’s president Xi Jinping late on Friday should certainly seal it.
As SCMP reports, according to a commentary published by a leading mouthpiece online “having public opinions that are different from the official ones will shake the foundation of the rule of the Communist party and the country.”
Xiakedao, a social media account operated by the overseas edition of People’s Daily, said in a commentary on Friday’s high-profile tour by President Xi Jinping to the three largest state media outlets – People’s Daily, Xinhua and Central China Television — “that the party was alarmed by how different public opinion is from official media.”
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