Markets React Badly to CCP Congress

Government changes in China signal economic downturn

Chinese leader Xi Jinping speaks at the podium during the meeting between members of the standing committee of the Political Bureau of the 20th CCP Central Committee and Chinese and foreign journalists in Beijing on Oct. 23, 2022. Lintao Zhang/Getty Images

News Analysis

The reshuffle of the Chinese Communist Party (CCP) leadership and Xi Jinping’s speech to the 20th Party Congress in China has spooked investors, compounding an already suffering economy with no relief in sight.