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China Steps In to Rescue Stocks, But the Market Continues to Fall

✇NYT - Top Stories
By: Alexandra Stevenson and Murphy Zhao
The Communist Party uses a “national team” of state-owned investment funds to stem the market rout. But this time, investors are not sure it will work.

© Florence Lo/Reuters

President Xi Jinping of China has convened senior leaders to set the government’s agenda, but the economy is likely to take a back seat to politics.
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‘Pull Out the Sick Trees’: Xi’s Constant Purges Pave Way for Next Term

✇NYT - Top Stories
By: Chris Buckley
The Chinese leader Xi Jinping, who is likely preparing to secure a fourth term in power in 2027, has complained that officials cannot be trusted.

© Ng Han Guan/Associated Press

President Xi Jinping of China is expected to secure a fourth term as leader of the ruling Communist Party next year. He has warned that too many officials fail to faithfully carry out his orders.
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