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Image caption, President Xi Jinping is presiding over a gathering of some 370 top Chinese Communist Party membersArticle information
- Author, João da Silva
- Role, Business reporter, BBC News
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4 hours ago
China’s economy stumbled in the second quarter, official data shows, just as the country’s top leaders gathered for a key meeting to address its sluggish growth.
“China’s economy hit the brakes in the June quarter,” said Heron Lim at Moody’s Analytics, adding that analysts are hoping for solutions from the meeting under way in Beijing, also called the Third Plenum.
The world’s second-largest economy is facing a prolonged property crisis, steep local government debt, weak consumption and high unemployment.
Past outcomes of the Plenum have changed the course of history in China – in 1978, then leader Deng Xiaoping began opening China’s markets to the world, and…
