Bloomberg (gated) carried the article. In brief:

• The People’s Bank of China investigated two individuals for allegedly spreading false rumors about interest rate cuts to gain online attention while posing as financial media.

• The operation was conducted in coordination with the network security department, and the suspects were handled by local law enforcement.

• In 2024, Chinese authorities investigated over 42,000 misinformation cases online, punishing more than 47,000 individuals under the nationwide “Clean Net” campaign.

This article was written by Eamonn Sheridan at www.forexlive.com.