Top officials from China's ruling Communist Party are convening in Beijing this week for the third plenum, a meeting that occurs every five years to set the economic direction for the country. This gathering holds significant importance as China grapples with a property sector crisis, high local government debt, weak consumer demand, and escalating trade tensions with the West.
The latest economic data revealed a slowdown in China's GDP growth, with a 4.7% expansion in the second quarter, falling short of expectations. These challenges have led to mounting social frustration and raised questions about the leadership of President Xi Jinping.
