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Stock impact report

Xi Jinping looms large over Australia's election [CNN]

ZTE CORP UNSP/ADR (ZTCOY) 
NASDAQ:AMEX Investor Relations: zte.com.cn/global/about/investorrelations
Company Research Source: CNN
Brisbane, Australia (CNN) The Chinese leader, though not a participant in any modern democracy, has become a familiar presence in a campaign dogged by allegations of foreign interference and partly fought on issues of national security. Xi's face is not only on billboards, his name has come up in press conferences, interviews, and election debates between Australian Prime Minister Scott Morrison, who leads a Liberal-National coalition, and the Labor Party leader who wants to replace him, Anthony Albanese. "Xi has changed the nature of the Chinese Communist Party ... It's more forward leaning. It's more aggressive. And that means that Australia, of course, must respond," said Albanese during a leaders' debate, in words that appeared to echo the government's hardline stance. Before the federal election campaign even started, accusations were being hurled that China wanted a Labor win. One week out from the vote on May 21, public opinion polls -- though notoriously unreliable -- Show less Read more
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