Politburo promotion, Lula victory, US midterm elections

Chinese President Xi Jinping has promoted a key figure to the Politburo, a major step up in the country's leadership. This move is part of a broader anti-corruption drive, which aims to root out corruption and ensure officials act with integrity. The promotion of this individual, who led a military anti-graft purge, signals Xi's commitment to tackling corruption and strengthening his grip on power. This development has significant implications for China's economic and political landscape, potentially influencing market sentiment and investor confidence.

Why it matters

Xi Jinping is renewing a years-long anti-corruption drive, which could lead to increased stability and confidence in the Chinese government. This move may also lead to increased scrutiny of Chinese businesses and officials, potentially affecting market

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