A city run by one of China’s incoming political leaders that had billed itself as a future international financial centre is instead becoming the country’s internet censorship capital.
Tianjin, whose Communist party secretary Zhang Gaoli is one of the seven men most likely to get a seat on the new politburo standing committee due to be unveiled at the 18th party congress starting on Thursday, is developing a replica of Manhattan to which it aims to attract global banks.
But local government officials last week said they did not know of any foreign bank that had committed to coming.
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