Journalist 'confesses' to causing China market chaos: state media

A financial journalist has "confessed" to causing "panic and disorder" on China's stock market and inflicting "huge losses on the country", state media reported on Sunday. Wang Xiaolu, a journalist with Caijing magazine, was detained by Chinese authorities following China's recent stock market crash. Wang was held for fabricating and spreading fake information on securities and futures market, according to Xinhua, a state-run news agency.