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☆ Factbox: China's 20th Communist Party Congress: who could be in Xi's new team?
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +4 min

BEIJING, Oct 13 (Reuters) - China's Xi Jinping is widely expected to clinch a third five-year leadership at the upcoming congress of the ruling Communist Party, a mandate that would secure his stature as the country's most powerful ruler since founding leader Mao Zedong. Hu Chunhua, 59, vice premierHu is considered a candidate for elevation to the PSC and possibly to become China's next premier. Chen Miner, 62, Chongqing party secretaryChen is also a trusted aide and considered a candidate for the PSC. The only current female member, Vice Premier Sun Chunlan, is 72 and therefore ineligible to serve another term under China's unofficial age norms. Li Xi, 65, party chief of Guangdong provinceLi, considered a trusted ally of Xi, may get a bigger job after the Congress.

☆ Explainer: Five ways the Fed could calm frazzled markets
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +5 min

Here is a look at how the Fed might forestall market dysfunction should it threaten to emerge, listed roughly from most to least likely to be deployed. TALKING THE TALKIn recent days Fed policymakers have acknowledged some liquidity strains in U.S. financial markets - the Treasury market in particular - and the risk that raising interest rates to combat inflation could exacerbate vulnerabilities both domestically and abroad. Still, Fed policymakers would likely be cautious about taking their jawboning up a notch for fear of delivering perhaps too much calm, and undoing the very tightening they need to bring inflation under control. If taken too far, as happened the last time the Fed pursued so-called quantitative tightening in 2019, it can cause market ructions. Slowing that effort could ease strains, but it could also send a confusing signal to markets that may conclude the Fed is backing away from the inflation fight.

☆ China's Communist Party leadership reshuffle: what to look for
▼ + stars: | 2022-10-11 | by ( Yew Lun Tian | ) www.reuters.com time to read: +7 min

Visitors are seen silhouetted against a Chinese Communist Party flag displayed at the Museum of the Communist Party of China in Beijing, China September 3, 2022. REUTERS/Florence LoBEIJING, Oct 11 (Reuters) - China's ruling Communist Party will reshuffle its leadership when it holds a once-in-five-years Congress starting Oct 16, with Xi Jinping widely expected to stay on for a third term as general secretary, China's senior-most position. Economic tsar and Vice Premier Liu He, 70, is due for retirement. The only woman in the Politburo, Vice Premier Sun Chunlan, 72, is also due to retire. Xu Qiliang and Zhang Youxia, both military chiefs in the Politburo age 72, are also due to retire.

As the top official in China's commercial hub and its most populous city, Li's position as Shanghai party chief has traditionally been a stepping stone towards a top-two role in China's power structure - including for Xi Jinping himself. "It's near impossible for Li, who owes his political career largely to Xi, to even consider doing anything to undermine Xi. KEY CONFIDANTA native of Zhejiang province, Li, 63, was Xi's chief of staff - a role for the most trusted confidants - from 2004 to 2007 when Xi was party chief of Zhejiang. In Seattle with Xi, Li gave a speech calling for more cooperation between Zhejiang and U.S. firms. Making his rounds, he reiterated the COVID party line: "We must resolutely implement the spirit of the important instructions by Party Secretary Xi Jinping and steadfastly persist in the dynamic-zero approach".

☆ Piper Sandler upgrades Array Technologies, says solar stock can surge on improved forward outlook
▼ + stars: | 2022-09-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Solar stock Array Technologies has outperformed this year, and Piper Sandler thinks there's even more upside to come. Analyst Kashy Harrison upgraded Array Technologies to overweight from neutral, saying an improved forward outlook has the firm bullish on the manufacturer of solar tracking systems. Regardless, the analyst expects that Array, which is up 13.6% in 2022, will continue to outperform. Array Technologies rose 3.8% in Monday premarket trading. "We acknowledge near term risks associated with the UFLPA but see the potential for a more pronounced '23 market recovery," Harrison added.

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