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This week marks a critical phase, as China’s Party elite convene to formulate the 15th Five-Year Plan during the fourth plenum meeting, spanning four days. An emphasis on boosting consumption and countering persistent deflationary pressures is expected to be central themes. The focus on domestic demand aligns with China's current efforts to stabilize growth amidst an uncertain global economic environment.
Simultaneously, official economic indicators for the third quarter have been released, revealing a slowdown in growth to its weakest pace this year. Although full analysis is pending, early assessments suggest that Beijing's economic recovery remains fragile. The data underscores the urgency of the upcoming policy discussions and reforms that will shape the country’s economic strategy.