Senior Chinese officials, led by President Xi Jinping, gather for a four-day meeting after lower-than-expected second-quarter growth. President Xi mentions 'major' reforms without specifics.
The slow growth is attributed to a blend of internal and external factors, including aging population's reduced spending power and trade tensions with the US and EU.
Trade disputes have led to tariff barriers, particularly in the electric automobile sector, impacting China's economy.
The real estate market, historically vital for China's growth, is now struggling, posing a significant domestic economic challenge.
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