Xi Jinping Kicks Off New Year Trying to Manage Dual Crises

  • North Korean nuclear test adds to fallout over market meltdown
  • Shanghai stocks plunge 7 percent for second time this week

Xi Jinping.

Photographer: Tim Rue/Bloomberg

Xi Jinping’s new year has begun with worrying echoes of the last one, facing another historic market sell-off. Only this time, the Chinese president’s headaches are compounded by global outrage over the nuclear bomb test by his unruly ally, North Korea.

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