China pledged to “significantly” boost the share of consumption in its economy over the next five years while keeping tech and manufacturing as the top priorities, in an effort to become less reliant on exports after a steep escalation of trade tensions in 2025.

China's economic growth slowed to the weakest pace in a year in the third quarter as fragile domestic demand left it heavily reliant on the humming of its exporting factories, stoking concerns about deepening structural imbalances.

China has reported that its economy expanded at the slowest annual pace in a year in July-September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand.

China's ruling Communist Party says it will focus on speeding up self-reliance in science and technology in the coming five years.

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

China needs a bolder spending package to mend the finances of households and companies, according to a central bank adviser, as signs of resilience in the economy mask the damage wrought by the trade war with the US.

China's top leaders have pledged to boost the country's self-reliance in advanced technologies and spur stronger domestic demand over the next five years.

A fter a months-long trade war between China and the United States, Presidents Donald Trump and Xi Jinping are scheduled to meet Thursday in Korea. Both countries seem to be angling for a truce; over the weekend, they announced a “framework” for a possible agreement.

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

China has reported that its economy expanded at the slowest annual pace in a year in July- September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand