{"id":508953,"date":"2026-03-07T09:20:08","date_gmt":"2026-03-07T09:20:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/508953\/"},"modified":"2026-03-07T09:20:08","modified_gmt":"2026-03-07T09:20:08","slug":"in-chinas-vision-for-a-powerhouse-stock-market-its-slow-and-steady-over-boom-and-bust","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/508953\/","title":{"rendered":"In China\u2019s vision for a \u2018powerhouse\u2019 stock market, it\u2019s slow and steady over boom and bust"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China\u2019s high-level policymakers have reiterated the need to defuse financial risks and root out political corruption, two of President Xi Jinping\u2019s long-term priorities, in the run-up to this year\u2019s \u2018two sessions\u2019 \u2013 the annual meetings of the country\u2019s top legislature and political advisory body. In this series, we take stock of how those efforts have progressed, and what remains to be done.<\/p>\n<p>When the Dow Jones Industrial Average closed above 50,000 points for the first time in early February, US President <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/donald-trump?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">Donald Trump<\/a> touted the stock index\u2019s milestone on social media \u2013 and in typical fashion, appended a prognosis for further greatness.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cRecord Stock Market, and National Security, driven by our Great TARIFFS. I am predicting 100,000 on the DOW by the end of my Term,\u201d he posted on social media.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">As Trump lays a marker for the continued dominance of the world\u2019s largest economy \u2013 and its pre-eminent financial sector \u2013 across the Pacific, the political leadership in China is also making plans.<\/p>\n<p>While Beijing\u2019s top policymakers have reiterated their goal to build the country into a \u201c<a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3345155\/can-chinas-roaring-trade-engine-power-yuans-challenge-us-dollar?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">financial superpower<\/a>\u201d or \u201cpowerhouse\u201d, they have also drawn a distinction between the system they are constructing and those found elsewhere.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cThe financial sector under the leadership of our party is, in the final analysis, about serving the people,\u201d said President Xi Jinping in a speech from 2024, republished last month in Qiushi, the Communist Party\u2019s leading theoretical journal.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cThis stands in stark contrast to the financial systems of some countries, where finance serves capital and caters primarily to the wealthy few.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s high-level policymakers have reiterated the need to defuse financial risks and root out political corruption, two of&hellip;\n","protected":false},"author":2,"featured_media":508954,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[35402,550,28,144,75239,36942,19542,120,101,231074,5425,231075,36943,921,36945,548,108593,18737,25,6132],"class_list":{"0":"post-508953","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-alibaba-group-holding","9":"tag-beijing","10":"tag-business","11":"tag-china","12":"tag-china-securities-regulatory-commission","13":"tag-china-stocks","14":"tag-communist-party","15":"tag-dow-jones-industrial-average","16":"tag-economy","17":"tag-financial-powerhouse","18":"tag-hong-kong","19":"tag-hong-kong-exchanges-and-clearing","20":"tag-hong-kong-stocks","21":"tag-nasdaq","22":"tag-shanghai-composite-index","23":"tag-state-council","24":"tag-tech-innovation","25":"tag-tencent-holdings","26":"tag-us","27":"tag-xi-jinping"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/508953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=508953"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/508953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/508954"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=508953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=508953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=508953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}