China's ruling Communist Party is concluding a high-level meeting aimed at endorsing policies to enhance the country's technological capabilities and bolster national security. The closed-door plenary meeting of the party's Central Committee is expected to address strategies for achieving self-sufficient economic growth amidst increasing restrictions on access to Western advanced technology.
The meeting is closely watched by foreign investors and markets as China grapples with challenges such as a slowdown in the real estate sector and weak consumer confidence following the COVID-19 pandemic. Economic growth dipped to 4.7% in the second quarter of the year, with declining investments in real estate despite government efforts to stimulate housing purchases.
