Xi Jinping’s entrenched dominance within the Chinese Communist Party, reinforced by extensive anti-corruption purges of Politburo and Central Military Commission figures through mid-2026, underpins the market’s strong consensus against his removal before 2027. These actions have eliminated potential rivals and aligned elite networks around his leadership, with preparations underway for a fourth term at the 21st Party Congress later in 2027 and no public signals of resignation or challenge. Traders view this as consistent with Xi’s prior consolidation of authority, including the earlier removal of term limits. Remaining uncertainty stems from low-probability events such as acute health developments or an unforeseen elite backlash that could disrupt continuity ahead of the congress.