The best China news and blog posts as chosen by you 14462 submitted stories, and counting

553 reads

Rumors spreading that China's central bank chief has defected – China News

www.stratfor.com — Rumors have circulated in China that People’s Bank of China (PBC) Gov. Zhou Xiaochuan may have left the country. The rumors appear to have started following reports on Aug. 28 which cited Ming Pao, a Hong Kong-based news agency, saying that because of an approximately $430 billion loss on U.S. Treasury bonds, the Chinese government may punish some individuals within the PBC, including Zhou. Although Ming Pao on Aug. 30 published a report on its website indicating that the prior report was fabricated by a mainland news site that had attributed the false information to Ming Pao, rumors of Zhou’s defection have spread around China intensively, and Zhou’s name has been blocked from Internet search engines in China.

full story »

Rumors spreading that China's central bank chief has defected

Login or register to post comments
553 reads

Submitted by ndmagxian

1 year 23 weeks ago Made popular 1 year 22 weeks ago

Tags:

4 Comments

ndmagxian 1 year 22 weeks ago

http://blogs.forbes.com/china/2010/08/30/central-bank-chief-rumored-to-h...

http://blogs.barrons.com/stockstowatchtoday/2010/08/30/runaway-central-b...

vinaminh 1 year 22 weeks ago

You know what they say about rumors: They're true if they're about Osama Bin Ladin.

Heiney 1 year 22 weeks ago

I think these rumors have been shown to be false. Right?

I thought this story would bury itself, until I saw it on the front page.

Voted down once it appears on the front page because we all know it's not true.

ndmagxian 1 year 22 weeks ago

Yes, Heiney. It turned out to be a rumour only. I should have changed the title accordingly then. Well..my mistake. Not a worthy story for the frontpage indeed. Sorry for that.

Nevertheless, the interesting question is: How can such a (big fat) rumour ever start to spread around in the first place? Power struggles within the CCP for the coming leadership transition in 2012? Sensation hungry reporters?

Even Forbes ate it, but updated it later on:

What False Rumors About China’s Central Bank Chief Mean:
http://blogs.forbes.com/china/2010/08/30/central-bank-chief-rumored-to-h...

Who Hao/Bu Hao'd It?

Ryan
Heiney
ndmagxian
jackwills
Guest
Guest
Guest
Guest
vinaminh
Guest

Similar Stories on HHR

Shanxi official's son weds on cash-lined red carpet - 7 hours 16 min ago

The offspring of China's rich and powerful have been known to flaunt their wealth, and the recent wedding of the son of a village committee director in Shanxi has taken such displays of extravagance to a new level. When the bride and groom walked down the aisle, they did so on a red carpet paved with 15,000 hundred-yuan notes, in total worth more than US$230,000.

China sees trust deficit before Xi's U.S. trip - 7 hours 42 min ago

China and the United States suffer a "trust deficit" that Vice President Xi Jinping's trip to Washington could help ease, a Chinese diplomat said in a speech published on Tuesday, playing down Chinese fears about a U.S. "pivot" towards Asia.

China Defends Veto in Vote on Syria - 7 hours 44 min ago

China rejected accusations it was obstructionist after its veto of a United Nations Security Council resolution against Syria, and said it was forced into a veto after some members pressed for a vote before disagreements had been resolved.

A dragon dance in the Negev - 10 hours 56 min ago

A report on China's three-pronged (peaceful) Middle East strategy. It's working.

The Wukan Effect: Rumors Of New Uprising in Zhejiang Provincial Village - 11 hours 37 min ago

Could it be the “Wukan effect?” That’s what @城道 has used to describe recent rumors of another uprising in Panhe’s East and West Village in Wenzhou, Zhejiang province that have recently circulated on Sina Weibo, China’s Twitter.

Xi Jinping's Deep Ties to . . . Iowa? - 20 hours 13 min ago

More evidence has emerged of the relatively strong links between Xi Jinping’s family and the West, especially compared with the man he is due to replace, Hu Jintao.

China's Police Ill-Equipped To Combat Unrest - 1 day 1 hour ago

Despite a steep ramp-up in spending on internal security, riot control forces remain stretched thin, and structural problems continue to plague the security apparatus.

We Are The (Chinese) 99%: Netizens Watch Millionaires Fly The Coop - 1 day 14 hours ago

Netizens speak their minds about the recent flood of migrations by China's one-percenters.

Merkel gives mixed review of China trip - 2 days 9 hours ago

German Chancellor Angela Merkel spoke of stronger ties between China and Germany following her visit here, but voiced concern about attempts to keep her from meeting with government critics during her trip. Merkel had been due to speak with prominent civil rights lawyer, Mo Shaoping, at the German embassy in Beijing, but Chinese security kept him from taking part in the reception.

Chengdu gridlock - 2 days 23 hours ago