{"id":1162,"date":"2022-10-28T21:22:15","date_gmt":"2022-10-28T21:22:15","guid":{"rendered":"https:\/\/tradersontrend.com\/?p=1162"},"modified":"2022-10-28T21:22:15","modified_gmt":"2022-10-28T21:22:15","slug":"us-stocks-fall-as-xi-begins-his-third-term","status":"publish","type":"post","link":"https:\/\/tradersontrend.com\/h\/2022\/10\/28\/us-stocks-fall-as-xi-begins-his-third-term\/","title":{"rendered":"US Stock Markets Dip as China&#8217;s Xi Jinping Commences Third Presidential Term"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1162\" class=\"elementor elementor-1162\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-61306fc0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"61306fc0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2f0802a0\" data-id=\"2f0802a0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3e0fc4c0 elementor-widget elementor-widget-text-editor\" data-id=\"3e0fc4c0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 26-05-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\"><div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\"><div class=\"ssrcss-11r1m41-RichTextComponentWrapper ep2nwvo0\" data-component=\"text-block\"><div class=\"ssrcss-7uxr49-RichTextContainer e5tfeyi1\"><p style=\"text-align: left;\">A decrease in the share prices of Chinese corporations that are publicly traded in the United States has been caused by concerns that Chinese President Xi Jinping will maintain his ideology-driven strategy at the expense of continuous economic expansion.<\/p><p style=\"text-align: left;\"><a href=\"https:\/\/www.cnbc.com\/2022\/10\/24\/alibaba-tencent-shares-plummet-as-xi-jinping-tightens-grip-on-power.html\">The stock prices of the Chinese technology giants Alibaba and Baidu both dropped<\/a> by more than 12 percent in New York.<\/p><p style=\"text-align: left;\">Investors are concerned that severe limitations on the coronavirus could hinder economic progress in the world&#8217;s second-largest economy.<\/p><p style=\"text-align: left;\">An authority on the subject asserted that Beijing was engaged in a &#8220;tug-of-war&#8221; between its goal of achieving zero carbon emissions and its efforts to accelerate economic expansion.<\/p><p>The analyst described the situation as being like a &#8220;tug-of-war,&#8221; using that phrase.<\/p><p style=\"text-align: left;\">What we have just discovered with reference to the economic climate in China.<\/p><p>Only recently have the festivities of Xi Jinping&#8217;s party begun to get underway.<\/p><p style=\"text-align: left;\">After hitting an earlier low point for the day that was a 52-week low, shares of the internet giant Alibaba finished the trading day 12.5% lower on the New York Stock Exchange.<\/p><p style=\"text-align: left;\">Baidu, a company that operates in the internet industry, reported a loss of 12.6%, while Pinduoduo, a company that operates in the e-commerce platform industry, reported a decrease of over 25%.<\/p><p style=\"text-align: left;\">The Chinese Communist Party, which is currently in control of China and just finished a highly successful congress on Sunday, is the source of this report.<\/p><p>The CPC only recently took power in China.<\/p><p style=\"text-align: left;\">During the event that lasted for a week, China&#8217;s President Xi, who had just recently won a historic third term in the leadership of the country, did not provide a timetable for when the country&#8217;s stringent efforts to prevent the spread of the coronavirus may be relaxed.<\/p><p>This comes after President Xi just won a historic third term in the leadership of the country.<\/p><p style=\"text-align: left;\">As a direct consequence of the zero Covid restrictions, a number of China&#8217;s most important cities, including Shanghai, which is a center for banking, manufacturing, and shipping, have been placed under lockdown.<\/p><p>Shanghai is a hub for all three of these industries.<\/p><p style=\"text-align: left;\"><em>For More Stocks And Investment Related News, Click <a href=\"https:\/\/tradersontrend.com\/1672237264407\/\">Here<\/a>.<\/em><\/p><\/div><\/div><\/div><\/div><p>\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>A decrease in the share prices of Chinese corporations that are publicly traded in the United States has been caused by concerns that Chinese President Xi Jinping will maintain his ideology-driven strategy at the expense of continuous economic expansion. The stock prices of the Chinese technology giants Alibaba and Baidu both dropped by more than&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[470,623,653],"class_list":["post-1162","post","type-post","status-publish","format-standard","hentry","category-newsletter","tag-president-xi-jinping","tag-us-stocks","tag-xi"],"_links":{"self":[{"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/posts\/1162","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/comments?post=1162"}],"version-history":[{"count":0,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/posts\/1162\/revisions"}],"wp:attachment":[{"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/media?parent=1162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/categories?post=1162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradersontrend.com\/h\/wp-json\/wp\/v2\/tags?post=1162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}