China's Economic Dilemma: Navigating Slowdown Amid Global Tensions

China's ruling Communist Party began a crucial meeting to finalize a new five-year plan amid concerns over economic slowdown due to trade tensions with the US. President Xi Jinping continues his anti-corruption campaign in the military, expelling top officials. The meeting also focuses on strategic challenges posed by the US and global economic dynamics.

This Monday, the ruling Communist Party of China initiated a significant meeting focused on crafting the next five-year plan amid rising concerns about an economic downturn and deepening US trade tensions. The session, presided over by President Xi Jinping, aims to address both economic and strategic challenges.

China's economy showed a sluggish growth rate of 4.8%, the slowest this year, as trade conflicts with the United States weigh heavily on exports to one of its primary markets. The party's plenary session is tasked with formulating strategies to mitigate this slowdown, reflecting a comprehensive approach to economic stabilization and international competitiveness.

Amid domestic economic concerns, Xi Jinping continues his rigorous anti-corruption efforts within the military, expelling two high-ranking generals ahead of the session. These actions underline ongoing attempts to consolidate power and reinforce discipline in the face of both domestic and international pressures.

(With inputs from agencies.)