Good analysis. One quibble - it's not clear that stocks sold off based on this. There are a lot of factors that affect market prices and it's usually hard to pinpoint them on one event. For example, stock prices could have gone down because of a perception of further separation of the CCP from Western economies after the congress meeting.
Outstanding article, as you say, there's nothing new in the knowledge that Xi has a strong grip on the leadership.
Good analysis. One quibble - it's not clear that stocks sold off based on this. There are a lot of factors that affect market prices and it's usually hard to pinpoint them on one event. For example, stock prices could have gone down because of a perception of further separation of the CCP from Western economies after the congress meeting.
Yeah I was thinking the same thing after I had posted it.
Hong Kong stocks look insanely cheap right now, but Xi is kind of scary. Part of the reason I wrote this is to talk myself into buying :) .
did you tho ? ;)
Yeah I did actually, got myself some JNBY shares