Global Markets See Sharp Selloff Amid Xi Jinping's CMC Role
What happened
On November 12, 2026, Chinese President Xi Jinping was confirmed as chairman of the Central Military Commission. During a gathering in Beijing, Xi Jinping, who is also the general secretary of the Chinese Communist Party Central Committee, addressed the event. Concurrently, world stock markets closed with a split performance, including a sharp selloff in technology stocks.
From beijingbulletin.com
Why it matters
The sharp selloff in technology stocks has raised concerns regarding the resilience of global financial markets. This volatility occurred while Xi Jinping holds the supreme leadership role within the Central Military Commission.
From beijingbulletin.com
Who's involved
- Xi JinpingGeneral Secretary of the Chinese Communist Party and Chairman of the Central Military Commission
- Central Military CommissionSupreme military leadership body of the Chinese Communist Party
- Chinese Communist PartyFounding and ruling party of the People's Republic of China
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The entities involved
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Central Military Commission
supreme military leadership body of the Chinese Communist Party and the People's Republic of China, technically consisting of two separate commisions with identical personnel, organization and function
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