The Chinese police have detained 197 people for allegedly posting rumors in connection with the national stock market collapse and Tianjin blasts, SIA reports citing the Xinhua news agency.
A hundred and sixty five online accounts have been shut down for alleged misconduct, said the Ministry of Public Security on Sunday, saying it "caused panic, misled the public and resulted in disorders in stock market and society."
Police say arrested journalist Wang Xiaolu of Caijing Magazine confessed to a fake report on July 20 that was "based on hearsay and his own subjective guesses without conducting due verifications."
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