A journalist at one of China’s financial publications has admitted causing “panic and disorder” in the stock market in a public confession carried on state television.
The detention of Wang Xiaolu, a reporter for Caijing magazine, comes amid a crackdown on the role of the media in the slump in China’s stock market, which is down about 40 per cent from its June 12 peak.
Nearly 200 people have been punished for online rumourmongering, Xinhua reported at the weekend.
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