Managers unconcerned about bad Chinese PR

China managers believe any potential bad news surrounding Olympics is already priced into shares, with domestic indices 50% down from peak

The recent furore surrounding the Beijing Olympics has been a disaster for the Chinese government as it tries to present the country in a positive light on the world stage. Its well-oiled PR machine has been working overtime to quell negative newsflow, censoring images of the protests that dogged every stage of the Olympic torch relay. Activists used the opportunity to reignite the Free Tibet campaign, while others campaigned for the release of dissidents such as Hu Jia, jailed last year for inciting subversion of the state. Meanwhile some Western consumers have pledged to vote with t...