PBOC Punishes Users for Spreading Rumors of Interest Rate Cuts

Reported 3 days ago

China's central bank, the People's Bank of China (PBOC), announced it has punished two internet users for disseminating false information regarding interest rate cuts, emphasizing its commitment to combat such misinformation. The individuals, identified as Huang and Nie, were accused of masquerading as financial media to gain followers. The PBOC will enhance collaboration with public security agencies to prevent online financial rumors, as part of its broader initiative, dubbed the 'Clean Net' campaign, which dealt with over 42,000 cases of online misinformation last year.

Source: YAHOO

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