China's GDP Growth Forecast Downgraded as Leaders Discuss Economic Support at Plenum
===============	
#82a19eb3 ver:0.8

China's GDP growth forecast has been downgraded, putting pressure on President Xi Jinping to offer more economic support. The country's weak second-quarter results reflect challenges in manufacturing and consumer sectors. The government is expected to implement fiscal and monetary measures. The ongoing plenum focuses on long-term reforms. Goldman Sachs suggests more easing policies are needed, but economists believe their impact will be limited. The combination of the GDP downgrade, the need for easing, and challenges in achieving sustainable recovery highlight the importance of the plenum discussions. Xi's focus on technology-driven growth is paying off, but consumer confidence remains low. China aims to build self-sufficiency in strategic areas....

#newstr #China #Gdp #EconomicGrowth #Forecast #CommunistParty #Plenum #EasingPolicies #TechnologicalAdvancements 

 https://here.news/story/82a19eb3?ver=0.8