China sets mid-July for highly anticipated ‘Third Plenum' meeting to discuss ‘deepening reform'

China’s top leaders are set to gather for the Third Plenum from July 15 to 18. The meeting aims to discuss policies that will shore up confidence and growth momentum. The delay in the meeting suggests a lack of consensus on addressing weak domestic demand, a contracting property sector, worsening trade conflict, and soaring debt. Analysts believe that measures to address the housing market, local government debt restructuring, and weak household consumption could be proposed. However, given the complexity of the problems, quick resolutions without damaging the economy are unlikely.