Financial TimesFinancial Times

No ‘adults in the room’: Xi Jinping catches global investors off guard

By Hudson Lockett and Mercedes Ruehl

28 Oct 2022 · 3 min read

Editor's Note

Xi Jinping's exclusion of moderates in his leadership team has alienated international investors and, according to the Financial Times, it may take a while to win them back.

When China’s president Xi Jinping moved to tighten his grip on power last weekend, he sent a ripple of fear through global financial markets.

Analysts and fund managers had expected Xi to balance his seven-man leadership team by including at least a couple of moderates. Instead, it became clear that he had taken sole charge of the world’s second-largest economy.

Sign in to informed

  • Curated articles from premium publishers, ad-free
  • Concise Daily Briefs with quick-read summaries
  • Read, listen, save for later, or enjoy offline
  • Enjoy personalized content