On August 31, 2015, a Chinese financial journalist appeared on national television to apologize for being right. Wang Xiaolu had written an article for the magazine Caijing reporting that the China Securities Regulatory Commission was studying plans to exit its emergency support of the stock market. He was arrested at his Beijing home after the Shanghai Composite dropped 8.5 percent in a single session, the worst single-day decline since 2007. On CCTV, he confessed that his article had caused pa