Want... Xi Jinping, China's president, has been named the world's second most influential figure this year by Bloomberg, reports Duowei News, a media outlet operated by overseas Chinese.
The world is waiting for Xi and the Communist Party of China to exhibit their ability to steer the world's second largest economy through turmoil, Bloomberg said. Since mid-June, the Shanghai Composite Index has plunged from 5,000 points to 3,000, dealing a heavy blow to stock markets around the world. Slower Chinese economic growth also negatively impacted markets relying heavily on exporting bulk commodities to China.
The Chinese government responded to the stock market crash by strengthening supervision, curbing leveraging and other risky illegal actions in the market and undertaking market reform, said the report. Related News
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Global investors have been closely observing the future direction of the Chinese economy. The success of Xi's visit to the US in September propelled him to second place on Bloomberg's list after US Federal Reserve chair Janet Yellen, said Duowei.
Wang Qishan, Secretary of China's Central Commission for Discipline Inspection, placed 33rd for his role in stabilizing the Chinese economy and stock market.
Bloomberg said this year's list has seen an unprecedented number of Chinese nationals in acknowledgment of the vital role the Chinese economy has come to play on the world scene. Other Chinese people who made the list include China Renaissance chair and CEO Fan Bao, Dalian Wanda Group founder Wang Jianlin and Industrial & Commercial Bank of China chair Jiang Jianqing. Next Media founder Jimmy Lai was ranked 40th for fighting for democracy and taking part in last year's Umbrella movement in Hong Kong.