The Communist Party of China (CPC) congress concluded Sunday with the tentative confirmation of Xi Jinping's historic third five-year term.The man chosen as the second most important figure in his leadership, Li Qiang, is a Xi loyalist and is now on his way to becoming prime minister tasked with running the world's second largest economy.On Monday, China released a batch of economic figures that were pushed back from the previous week.The Chinese economy faces a number of challenges at home and abroad, including Beijing's zero-sum policy on COVID-19 and the trade conflict with the United States.On Monday, Hong Kong stocks fell and the Chinese currency, the yuan, weakened against the US dollar on growing concerns that Xi will continue his policies based on ideology at the expense of economic growth.The benchmark Hang Seng Index plunged more than 6% as Hong Kong-listed shares of Chinese tech giants Alibaba and Tencent fell. In mainland China, the Shanghai Composite Index closed down 2%.Meanwhile, official figures showed that China's economy grew 3.9% in the July-September quarter compared to the same period last year, beating estimates.