# China's newly empowered Xi faces a daunting to-do list | Reuters

> Global investors dumped Chinese assets and the yuan hit its weakest level in nearly 15 years after Xi Jinping's consolidated power raised fears that ideology would outweigh growth. Xi now faces a difficult economic agenda.

- Date: 2022-10-25 · published 2022-10-25T12:00:00.000Z
- Category: geopolitics · region China · magnitude low
- Page: https://feedsoft.ai/events/6936-china-s-newly-empowered-xi-faces-a-daunting-to-do-list-reuters
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Political uncertainty and currency weakness in China can slow import demand and economic activity, a modest bearish factor for feed commodity demand.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-03-23 | [China's yuan dips as Xinjiang sanctions crimp risk sentiment \| Financial Post](https://feedsoft.ai/events/48337-china-s-yuan-dips-as-xinjiang-sanctions-crimp-risk-sentiment-financial-post.md) | +1.0% | +0.0% |
| USDCNY | 2026-06-15 | [China’s Yuan Hit A Three-Year High As The Dollar Slipped - Finimize](https://feedsoft.ai/events/8414-china-s-yuan-hit-a-three-year-high-as-the-dollar-slipped-finimize.md) | +0.2% | +0.1% |
| USDCNY | 2026-03-09 | [China's yuan hits one-month low against rebounding dollar as Iran conflict escalates \| MarketScreener](https://feedsoft.ai/events/11679-china-s-yuan-hits-one-month-low-against-rebounding-dollar-as-iran-conflict.md) | -0.0% | -0.2% |
| USDCNY | 2020-07-15 | [China's yuan firms on weaker dollar but renewed Sino-U.S. worries cap gains \| Financial Post](https://feedsoft.ai/events/52325-china-s-yuan-firms-on-weaker-dollar-but-renewed-sino-u-s-worries-cap-gains.md) | -0.4% | -0.9% |
| USDCNY | 2026-06-15 | [China's yuan hits three-year high as dollar eases after US-Iran peace deal \| MarketScreener](https://feedsoft.ai/events/8411-china-s-yuan-hits-three-year-high-as-dollar-eases-after-us-iran-peace-deal.md) | +0.2% | +0.1% |

## Sources

- reuters.com: https://www.reuters.com/world/china/chinas-newly-empowered-xi-faces-daunting-to-do-list-2022-10-25/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.