China Blames a Different Boogeyman Each Time the Economy Stumbles

In a humiliating televised confession, Wang acknowledged that “I acquired the news from private conversations, which is an abnormal way, and added my personal judgment and subjective views to finish this story” (which, you know, is how journalism usually works). In the United States when someone accurately predicts a downturn or policy change, we practically throw him a ticker-tape parade; in China, they throw him in jail.

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