Xi s Markets Shakeup Surprised Insiders, Showing Alarm Over Rout bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Staffers at China’s main securities regulator had been working around the clock for weeks on ways to prop up the nation’s tumbling stock market when the bombshell dropped. Late Wednesday, the official Xinhua News Agency reported that their boss Yi Huiman had been ousted, becoming the biggest Communist Party casualty…
Local stocks are on a slippery slope, with the benchmark index heading for the longest slide since mid-August. Cross-strait tensions rise a notch as Taiwanese vote for a new president later this week.