China's third plenum kicks off as GDP disappoints: 5 things to know

All eyes on how Communist Party plans to steer economy through headwinds

202407113 xi jinping

Chinese President Xi Jinping attends the National People's Congress at the Great Hall of the People in Beijing on March 11, 2024. Communist Party leaders gather this week for another closely watched meeting, known as the third plenum. © Reuters

WATARU SUZUKI, Nikkei staff writer

SHANGHAI -- China's top Communist Party officials are gathering in Beijing for a meeting known as the third plenum, from Monday to Thursday.

The event comes at a crucial moment for the Chinese economy, as policymakers grapple with a persistent property crisis, sluggish domestic demand and rising trade barriers overseas. Underscoring the challenge, China released disappointing gross domestic product data for the second quarter on Monday, with growth missing forecasts at 4.7%.

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