The Chinese economy faces new "problems," driving top leaders including Xi Jinping to convene a meeting aimed at analyzing the current economic situation comprehensively.
The Politburo agreed on the need to further improve policy measures to lift the economy and address the people's concerns regarding the ongoing economic malaise.
Beijing's measures include adjusting housing purchase restrictions and lowering mortgage interest rates, signaling potential larger support for the economy amidst ongoing challenges.
Analysts believe that while the government's objectives target a 5% growth, the current headwinds make this goal optimistic, highlighting the uncertain recovery trajectory.
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