China punters bet on 'Emperor' Xi after term-limit news

Superstitious Chinese investors rushed to buy stock in companies with "emperor" in their names Monday following the latest power boost for President Xi Jinping, who has been likened to a modern-day sovereign. State media said on Sunday that the ruling Communist Party had proposed abolishing rules limiting leaders to two five-year terms, a move that could allow the increasingly powerful Xi to rule indefinitely like an emperor. The millions of mom-and-pop investors who dominate trade in Chinese securities often do so more on superstition or perceived portent in corporate names rather than fundamentals, and they appear to have leapt into action again on Monday.

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