Xi’s Purges Now Threaten China’s Entire System | Taiwan’s Growth | China’s Stock Market

China’s stock market is facing a technical bear market as the CSI 300 index falls 20% from its June peak, driven by weak domestic demand and fading AI enthusiasm. Despite aggressive state-aligned interventions and ETF purchases, investor confidence remains low, evidenced by a record 2.5 billion USD outflow from Hong Kong shares this month. In stark contrast, Taiwan’s economy expanded by 36% in the third quarter, fueled by a 61% surge in tech exports and robust private investment, challenging Beijing’s narrative regarding its state-led economic model. Internally, General Secretary Xi Jinping’s persistent anti-corruption campaign has significantly thinned the leadership pipeline, with provincial party secretary tenures dropping to an average of 26.5 months. This personnel instability and the lowest Central Committee attendance since the Cultural Revolution create a complex backdrop for the upcoming 2027 leadership reshuffle as the government struggles to balance political control with economic recovery.