President Xi Jinping earns recognition after his successful visit to the U.S. (Photo : www.news.xinhuanet.com)
Bloomberg has named Chinese President Xi Jinping as the world's second most influential figure of 2015, overseas Chinese media outlet Duowei News reported.
According to Bloomberg, the global community is waiting how the Chinese leader and the rest of the Communist Party of China will steer through the turmoil in the world's second largest economy.
The Shanghai Composite Index has dwindled from 5,000 to 3,000 points since mid-June, bringing a huge impact to stock markets across the globe.
The slow pace of economic growth has also taken its toll, especially in markets relying heavily on bulk commodity export to China.
The report stated that in response to the stock market crash, the Chinese government helmed by Xi has strengthened supervision to curb leveraging as well as other illegal and risky actions. Chinese officials have also introduced and undertaken market reforms.
The recent success of Xi's visit to the U.S., in which he was able to forge a number of significant partnerships, has propelled him to Bloomberg's second spot for the most influential people around the world, the report added.
U.S. Federal Reserve Chair Janet Yellen grabbed the top spot.
Meanwhile, Wang Qishan, China's Central Commission for Discipline Inspection secretary, ranked 33rd after his contribution to the stabilization of China's stock market and its economy in whole.
Bloomberg noted the unprecedented number of Chinese nationals who have entered this year's roster of most influential individuals. Among those included are Dalian Wanda Group founder Wang Jianlin, China Renaissance chairman and CEO Fan Bao, Industrial and Commercial Bank of China chairman Jiang Jianqing and Next Media founder Jimmy Lai.
