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Title : Chinese President Xi's Push To Consolidate Power Has Resulted In A $6 Trillion Stock Selloff And A Major Decline In The Yuan
link : Chinese President Xi's Push To Consolidate Power Has Resulted In A $6 Trillion Stock Selloff And A Major Decline In The Yuan

Chinese President Xi's Push To Consolidate Power Has Resulted In A $6 Trillion Stock Selloff And A Major Decline In The Yuan

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President Xi Jinping's successful consolidation of power rattled markets. Tingshu Wang/Reuters  

Insider: Chinese leader Xi Jinping's power grab fueled a $6 trillion stock selloff and the yuan's decline. These 4 charts capture the market meltdown 

* China's President Xi Jinping has tightened his grip on power — and that has rocked markets. 

* Investors dumped Chinese stocks in a $6 trillion blowout as Xi shut reformers out of decision making. 

* These 4 charts show how deep the meltdown in China-linked assets went last week. 

China's leader Xi Jinping has tightened his grip on power, shutting out reformers to effectively take sole charge of the world's second-largest economy — and that has rocked markets. 

President Xi unveiled a new decision-making team stacked with like-minded political allies and publicly disrespected his business-friendly predecessor at the Communist Party congress last week. 

Spooked investors dumped Chinese stocks in a $6 trillion blowout Monday, according to Bloomberg data. Meanwhile, the tightly-managed onshore yuan continued to lose ground to the dollar, having already dropped sharply this year.  

Read more ....  

WNU Editor: The expectation is for more stock market declines .... Rethinking China: Xi's Power Play Could Bring Down Stocks Even More (Barrons). 

More News On China's Stock Market Declines  

Xi's $6 Trillion Rout Shows China Markets Serve the Party First -- Bloomberg

China stocks reel after Xi tightens grip -- Nikkei Asia  

China Stocks in Hong Kong Set for Lowest Since 2005 as Covid Zero Ramps Up -- Bloomberg

thus Article Chinese President Xi's Push To Consolidate Power Has Resulted In A $6 Trillion Stock Selloff And A Major Decline In The Yuan

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