scorecardresearchChina Stocks Slide Again as Investors Fret Over Xi’s New Term

China Stocks Slide Again as Investors Fret Over Xi’s New Term

Updated: 25 Oct 2022, 08:12 AM IST
TL;DR.
Chinese equities fell again on Tuesday following a dramatic selloff, as traders remained unsettled by the prospect of market-unfriendly policies under President Xi Jinping’s third term.
A newspaper front page shows Chinese President Xi Jinping at the close of the Chinese Communist Party's 20th Party Congress in Beijing, Monday, Oct. 24, 2022. On Sunday, Oct. 23, Xi was awarded a third five-year term as party leader in a break with tradition that called for him to step down after 10 years. The party named a seven-member ruling Standing Committee of Xi and his allies, which gives him a free hand to carry out his plans. (AP Photo/Ng Han Guan)

A newspaper front page shows Chinese President Xi Jinping at the close of the Chinese Communist Party's 20th Party Congress in Beijing, Monday, Oct. 24, 2022. On Sunday, Oct. 23, Xi was awarded a third five-year term as party leader in a break with tradition that called for him to step down after 10 years. The party named a seven-member ruling Standing Committee of Xi and his allies, which gives him a free hand to carry out his plans. (AP Photo/Ng Han Guan)