Hmm this is an interesting propaganda vibe from CCP’s official media outlets as “参考消息”, Xinhua and CCTV2
the headline “cryptoasset is the best performing asset YTD” was featured on all avenues, news paper, online media and TV
It’s rare for such a coordinated effort
It’s hard to read to read it’s real intent. As crypto asset is contrary to its ever increasing tightening control over fx exchange at the retail level
Rolling out DCEP won’t need such narrative planting as well
🤔🤔
FYI 参考消息 is official media outlet with longest history under CCP, initially served as a news aggregator for CCP internal use only
before the open and reform policy, it’s the only way for Chinese public knows what’s going on in the outside world
en.m.wikipedia.org/wiki/Reference…
It’s always funny to see same tweet on CT is largely interpreted as bull signal but on Weibo is the opposite
Chinese crypto ppl see it as a topping signal 😅
I have hard time reading this simply as bull or bear, it’s very nuanced to gauge the real intent from the higher up
well, there is another following coverage today on CCTV2 abt PBOC encouraging accelerating DCEP adoption and enlarging beta test cases
So previously coverage on “cryptoasset’s top performance” seems to be related to this DCEP bull narrative in general
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