Xi Jinping’s consolidation of authority through repeated high-level purges in the People’s Liberation Army and Communist Party ranks has reinforced trader expectations that he will remain in power through at least 2027. Recent actions, including the January 2026 investigations of senior generals Zhang Youxia and Liu Zhenli along with dozens of other officers, and further expulsions at the February National People’s Congress, signal tightened control over elite networks and military command structures ahead of the 15th Five-Year Plan period. Xi’s public role in the May 2026 U.S.-China summit and ongoing emphasis on party discipline and national security priorities further align with institutional patterns that have extended his tenure since the 2018 removal of presidential term limits. While unforeseen health events or elite realignments before the 21st Party Congress could still shift outcomes, the absence of any visible succession mechanisms or challenges sustains the current market consensus reflected in the 93 percent probability for “No.”