"China's Market Chaos: Leaders Vow Stability Amidst Meltdown"

China vows to stabilize markets after a chaotic trading day that saw shares sink to a five-year low, erasing over $6 trillion in value. The China Securities Regulatory Commission promises to prevent abnormal fluctuations and crack down on illegal activities, but offers no specific details on how they plan to end the selloff. Weak economic data, geopolitical tensions with the US, a property crisis, and an opaque crackdown on the financial sector have all contributed to investor sentiment. Authorities are urged to set up a stabilization fund to boost market confidence, while frustrated investors flocked to a US embassy social media account to vent their frustrations over the economy and slumping share prices.