Pressure on Chinese economists to see the bright side

Chinese authorities aren't happy with economists, analysts and reporters saying that the country is in trouble...

Pressure on Chinese economists to see the bright side

Eugene Hoshiko / AP - A Chinese investor checks stock prices at a securities company Wednesday, May 9, 2007 in Shanghai, China's financial hub.

Officials from the Chinese government have been issuing verbal warnings to economic analysts and journalists who are going against the official positive spin the country is putting on the economy, according to the Wall Street Journal.

The paper has learnt from unnamed commentators and officials that the Chinese government has put pressure on to disseminate "positive energy" in an attempt to alleviate the public's concerns over reports that China's economy is facing massive debts and a hard economic landing.

The WSJ article offers this example:

Lin Caiyi, chief economist at Guotai Junan Securities Co. who has been outspoken about rising corporate debt, a glut of housing and the weakening Chinese currency, received a warning in recent weeks, officials and commentators said. It was her second.

The first came from the securities regulator, and the later one, these people said, from her state-owned firm’s compliance department, which instructed her to avoid making overly bearish remarks about the economy, particularly the currency.

During recent visits to government media mouthpieces Xinhua, the People's Daily and China Central Television, Chinese President Xi Jinping told the organisations to "tell China's stories well".

Journalists covering the stock market have also been told to only focus on official statements from CSRC, China's stock market regulator.

Last month, news broke that the Chinese government had launched a poster campaign warning its workers about dating handsome foreigners – in case they are spies.