China’s central bank has asked police to investigate a fabricated news report on a shift in policy that was circulated on social media, adding further pressure on to the country’s tech groups.
On Friday, social media users circulated a screenshot of what appeared to be a Xinhua state media report announcing a cut in the reserve requirement ratio, an important instrument that the central bank uses to control liquidity.
But the People’s Bank of China debunked the story within hours and state media reported on Tuesday that the central bank had asked police to investigate the falsified report.
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