A further increase in China’s trade surplus failed to fully offset the effects of a worsening housing market, which has left consumers wary.

Beijing is fighting to limit the damage from a pattern of price wars and excess capacity across multiple industries.

"Perhaps of greatest concern for China is the software used in advanced manufacturing – Western companies control over 70% of the Chinese market for chip design software, for example."

China's economy grew at its slowest pace in a year last quarter, official data showed Monday, as high-ranking leaders kicked off a closely watched meeting in Beijing focused on long-term policy planning.

Chinese Premier Li Qiang renewed a call for consumption to play a greater role in the economy, underscoring worries among the nation’s top leaders about relying too heavily on exports.

BEIJING: China's ruling Communist Party kicked off four days of closed-door meetings on Monday (Oct 20) involving high-ranking officials in discussions on long-term economic planning, state media reported.

China's Communist Party meets this month to map a five-year vision that prioritises high-tech manufacturing in its quest to upgrade its sprawling industries and project global power as its rivalry with the U.

Every year or so, the country's highest political body, the Central Committee of the Chinese Communist Party, convenes for a week of meetings, also known as a Plenum. What it decides at this one will eventually form the basis of China's next Five Year Plan - the blueprint that the world's second largest economy will follow between 2026 and 2030.