China’s Gag on Trump Tweets Raises Doubts About Its Global Market Ambitions

China’s Gag on Trump Tweets Raises Doubts About Its Global Market Ambitions
An investor looks at computer screens showing stock information at a brokerage house in Shanghai, China on May 6, 2019. Aly Song/Reuters
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SHANGHAI/BEIJING—A global stock rout earlier this week reminded investors about the power of the U.S. President’s Twitter account, but in China, where selling was heaviest, a ban on media coverage of his comments has raised questions about Beijing’s push to internationalize its capital markets.

President Donald Trump on May 5 tweeted that tariffs will increase on $200 billion of Chinese goods this week and target hundreds of billions more, reviving worries about continuing trade talks and knocking China’s stock benchmarks down over 5 percent.