BEIJING (Reuters) - Many Chinese are venting their frustration at the slowing economy and the weak stock market in an unconventional place: the social media account of the U.S. Embassy in Beijing.
A post on Friday on protecting wild giraffes by the U.S. embassy on Weibo, a Chinese platform similar to X, has attracted 130,000 comments and 15,000 reposts as of Sunday, many of them unrelated to wildlife conservation.
“Could you spare us some missiles to bomb away the Shanghai Stock Exchange?” one user wrote in an repost of the article.
The Weibo account of the U.S. embassy in China “has become the Wailing Wall of Chinese retail equity investors”, another user wrote.
The U.S. embassy did not immediately respond to a Reuters request for comment.
the Chinese stock market has LOST 13% of its value over the past 10-11 years, while the US market has doubled… more context
Not that it is a net good thing, as that has done next to nothing for the general population. The US way has the manipulation coming from the inside, the Chinese way has it coming from government entities. Both are damaging. Both are not good for the most vulnerable. I feel the US way is a bit more correctable without extreme upheaval, though.