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Market Update: 10-03-22

MARKETS ON WATCH AS XI JINPING’S INFLUENCE TO BE TESTED IN OCTOBER

On October 16, China will begin its 20th National Congress of the Chinese Communist Party in Beijing. This plenum is especially significant because it is expected that President Xi Jinping will be granted an unprecedented third term, something that he set in motion in 2018 when term limits were abolished.

TEST FOR PRESIDENT XI

Analysts anticipate President Xi will further consolidate his power base by ensuring that his political loyalists are appointed positions within the Politburo structure. Because the congress convenes every five years, those moving into the higher ranks are among the leadership cohort that will emerge as China’s senior ruling class.

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