Many investors in these stocks are from the west or read western news. They'll have been bombarded with a stream of "news" articles claiming that Xi is going to move the focus from the economy to security and doesn't care about GDP growth anymore. 3.9% GDP growth is actually decent, given the circumstances.
Xi might feel safer to appoint a successor in 2027. If he did it now, he'd become a lame duck. Once he's powerful enough, he can overrule the official president without holding any office, like Deng did
Xi might feel safer to appoint a successor in 2027. If he did it now, he'd become a lame duck. Once he's powerful enough, he can overrule the official president without holding any office, like Deng did