The Chinese Communist Party Can't Really Calm Markets

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No one was really happy about Monday's GDP reading, nor were they happy about the trajectory for policymaking coming out of the 20th party Congress. The hardest hit sectors, which sort of led markets lower, were tech stocks. And generally speaking, they are the stocks that have been hardest hit by the past probably 12 to 14 months of regulatory crackdown under Xi Jinping.

Chinese technology stocks sold off sharply after president Xi Jinping secured a third term as party leader. Plus, the FT’s chief features writer, Henry Mance, talks about former chancellor, and now prime minister, Rishi Sunak.

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Rishi Sunak to become UK prime minister

Chinese tech stocks tumble in US trading as Xi bolsters political power

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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