system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: what's going on with the stock markets?

1. What caused it? 

2. Rich people are losing money, but how does that affect low / middle income people? 

3. How does it affect other country markets? 

4. What real world issues will I see from this? 

5. How do we fix it?
gpt
China is an economic bubble and everyone knows it. The question is will burst or will it slowly deflate. A bubble is when the value of something is over inflated. China said they were doing great, look at all those modern flats they were building, it turns out that the flats are too expensive for people to live in. 

Stock markets are tied to real companies. A bad stock market is an early indicator of job losses.

A global economy means everything is interconnected. If you're doing business with a Chinese company its bad for you. If you're doing business with a business that does business with a Chinese company its bad for you.

Job losses probably

It's not something that you... fix. It's more like you help it heal. Eventually, things will go back to normal. Some economists recommend that governments buy shares to make the fall softer or create infrastructure projects to employ the unemployed and buy materials from companies.