Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The yuan, China's market, and global confidence in Beijing are all dropping. It's not an easy time to be the leader of the world's second-biggest economy.
President Xi Jinping has consolidated more power within his country than any other Chinese leader since the early '90s, just in time for a major economic slowdown and financial markets turmoil—the Shanghai Composite tumbled again Tuesday as China reported its weakest factory activity in three years.
Now, Chinese leadership is under "immense" pressure from within and without, John Minnich, East Asia analyst at geopolitical intelligence firm Stratfor, told CNBC.
"It's kind of a perfect storm where a lot of these things are hitting," he said. "None of these issues by themselves would be enough to apply pressure, but together...."
A deadly industrial explosion in Tianjin last month cast further doubt on Xi's capability to control local officials, a politically inopportune event during a key moment in his campaign to reform China's economy and environmental practices at the same time.
"We're approaching a moment where, in the next couple months, if there is going to be resistance from within the leadership against Xi, we're going to see (it) emerging more strongly," Minnich said.
And as this moment has approached, Beijing's handling of the stock market crash—which saw everything from liquidity interventions to arrests for allegedly malicious selling—represented the first big stumble for the Xi administration, said Nicholas Consonery, Asia director for the Eurasia Group.
But even with this "perfect storm" of resistance forming, Xi appears to have already consolidated sufficient power to achieve his reform goals, experts told CNBC.
While Eurasia Group's Consonery said the equity market interventions were "definitely" counterproductive, he's still optimistic about Xi's plans to manage broader economic headwinds.
"I'm not overly panicked about their ability to manage through these problems," he said, adding that it's unlikely there will be any changes at the top of the country's leadership.
Minnich agreed that Xi and his close allies won't lose control of the situation—especially given his continuing popularity with the regular citizenry—but his capacity to institute reforms may be limited by political resistance.
"Xi is not all-powerful," Minnich said.
In fact, it appears that Beijing is even trying to warn off would-be resistance from within. Chinese state media carried an editorial in August warning retired officials not to undermine the Communist Party by agitating against its current leadership. Additionally, another state commentary reportedly warned that Xi's reforms encountered "unimaginably fierce resistance" from different interest groups.
Even the media—normally considered a mouthpiece of Beijing's power—may have angered the Xi administration.
Last week, authorities arrested Liao Hong, CEO and editor-in-chief of People's Daily Online, allegedly on suspicion of taking bribes. Many have suggested that the move is punishment for not following a governmental edict.
People's Daily did not respond to a CNBC request for comment.
"Leadership is moving into a time when it needs to be sure it can be effective at shaping domestic perceptions of its actions," Minnich explained, so Xi may be attempting to redouble his control over the media.
Still, as with many aspects of China analysis, the country's political inner workings remain largely opaque, so the exact nature of the situation is difficult to ascertain.