MBA Career Guide: The Disappearance of Prominent Chinese Business Analysts from Social Media

Last Updated on December 23, 2023 by Robert C. Hoopes

Prominent Chinese analysts are facing widespread restrictions on social media that limit their ability to comment on the country’s struggling economy and stock markets, raising concerns about transparency and potential impacts on foreign investment. Notably, at least six experts, including Liu Jipeng and Hong Rong, have been unable to upload new posts or gain new followers on popular social networking platforms.

The restrictions, which have sparked speculation among analysts and experts, coincide with a conference hosted by President Xi Jinping, aimed at discussing economic targets and policies for the next year. During the conference, the Communist Party emphasized the need to promote a positive narrative about the Chinese economy. However, Chinese social media platforms have not responded to inquiries about the reason for these restrictions.

These developments come as the national security ministry has ramped up efforts to suppress pessimistic opinions about China’s economic future, citing concerns about market expectations and growth. The lack of transparency surrounding the Chinese economy may further deter global investors. Data from the Ministry of Commerce indicates a decline in foreign direct investment, pointing to a growing wariness among overseas investors.

The Chinese stock markets have been struggling this year, with the Shanghai Composite Index falling by 5.7% and the Shenzhen Component Index losing a significant 16%. Consequently, experts who have been facing social media restrictions include Dan Bin, Liu Jipeng, Hong Rong, and Ge Long, all known for their candid views on the Chinese economy.

Beijing’s tightening control over the narrative surrounding the economy could potentially backfire. Concerns over data opacity and the lack of reliable information have already had a negative impact. The fear is that Beijing may further intensify its control on information if the economy continues to worsen, which could pose a threat to regime survival and discourage foreign investment even more.

As the struggle to manage the economy continues, it remains to be seen whether these restrictions on prominent analysts will be lifted or if further control over information will be implemented by the Chinese government. All eyes are now on how these developments will shape China’s economic future and its relationship with global investors.