(Bloomberg) — China’s central bank said has punished two internet users who spread false information about interest-rate cuts, and it vowed to step up efforts to crack down on such offenses.
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The People’s Bank of China said it investigated a 39-year-old woman surnamed Huang and a 42-year-old man surnamed Nie who were suspected of spreading rumors about rate cuts to gain attention and attract online followers, according to a statement posted on its official Wechat account Friday. The two offenders had conveyed the information under the guise of financial media and information-service institutions, the central bank said.
The operation was carried out jointly with the network security department, and the suspects were dealt with by local public security organs, according to the statement.
“The People’s Bank of China will strengthen cooperation with the public security agencies, and continue to intensify efforts to crack down on illegal activities such as malicious fabrications and spreading online rumors involving the financial field,” the PBOC said.
China’s government investigated more than 42,000 cases of online misinformation last year with over 47,000 people being punished as part of the “Clean Net” campaign, according to the Ministry of Public Security.
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