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Xi’s Markets Shakeup Surprised Insiders, Showing Alarm Over Rout

Xi Jinping, China's president, delivers a speech during a pre-BRICS summit state visit at the Union Buildings in Pretoria, South Africa, on Tuesday, Aug. 22, 2023. Xi, in an op-ed published in several South African media outlets, said his country and South Africa, as natural members of the Global South, should push for developing countries to have more sway in international affairs.
Xi Jinping, China's president, delivers a speech during a pre-BRICS summit state visit at the Union Buildings in Pretoria, South Africa, on Tuesday, Aug. 22, 2023. Xi, in an op-ed published in several South African media outlets, said his country and South Africa, as natural members of the Global South, should push for developing countries to have more sway in international affairs. Bloomberg

(Bloomberg) -- Late Wednesday, the official Xinhua News Agency reported that their boss Yi Huiman had been ousted, becoming the biggest Communist Party casualty of a $5 trillion selloff that’s undermining confidence in the fragile economy.


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