By Eduardo Baptista

BEIJING, Dec 3 (Reuters) – The Shanghai branch of China’s cyberspace regulator said on Tuesday that it removed thousands of online posts for “doom-mongering the real estate market and distorting interpretations of housing policies”, amid a prolonged property slump.

Over 40,000 posts on social media platforms including the Instagram-like RedNote and video-sharing platform Bilibili were removed since November 14, when the Cyberspace Administration of China branch in Shanghai launched the crackdown, along with the financial hub’s housing bureau and internet police.

A prolonged property downturn since 2021, marked by many developers failing to repay debt and complete presold homes, has weighed on consumer confidence and sapped household spending. Chinese policymakers hav

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