<Anchor>



It seems that it is not just the protesters I just saw that do not welcome Xi Jinping's absolute power.

Chinese tech stocks plummeted, and the yuan depreciated.

It was analyzed as the market's distrust of the next leadership, which is all about Xi Jinping.



Continuing to be Beijing Correspondent Ji-Sung Kim.



<Reporter>



The New York Stock Exchange opened shortly after the inauguration of the third term of President Xi Jinping.



Shares of U.S.-listed Chinese e-commerce company Pinduoduo fell more than 24%.



Alibaba, China's largest e-commerce company, also plummeted 12.5%, and the market capitalization of China's five largest companies evaporated 75 trillion won in Korean money in one day.



The Hong Kong stock market, which fell 6.36% yesterday (24th), fell another 0.1% today, the lowest level since 2009, right after the global financial crisis.



President Xi Jinping confirmed his third consecutive term and promised to expand reform and opening, but



[Xi Jinping/President of China: We will steadfastly intensify reform and opening in the entirety] This



is proof that the market is very concerned.



Enlarging an image


It is analyzed that the market's disappointment that the next leadership will be filled with only those close to President Xi Jinping, effectively establishing a one-man system for President Xi, reflects the market's disappointment that private business regulations and high-intensity quarantine policies will continue.



Last year, China imposed a record fine of 3 trillion won on Alibaba for antitrust reasons, and Prime Minister-nominee Li Chang, who is expected to rise as the economic leader, is the person who led the lockdown in Shanghai for more than two months.



[Shanghai citizen: How do you say that it is for the citizens by focusing only on quarantine?

Food rations are in a situation where officials can't take away (citizens).]



Uncertainties in the Chinese economy are growing as most of the incoming leaders have little experience in leading economic policies.



(Video coverage: Choi Duk-hyun, video editing: Jeong Seong-hoon, CG: Kim Jong-un)



▶ 'Xi Jinping risk' hit the economy...

Areas where uncertainty has grown


▶ Xi Jinping summoned an attendant…

Hu Jintao was taken away with documents stolen