"China's Economic Revival Strategies and Political Shifts at Annual Congress"

As China's annual congress convenes, the country faces challenges in reviving its slowing economy and salvaging the property market. With an aging workforce, strained relations with the US, and a housing construction crisis, the ruling Communist Party aims to build confidence and navigate toward sustained growth. The economy's recovery has fallen short, with trillions of dollars of local government debt and a significant drop in foreign investment. The congress is expected to endorse decisions made by top leaders and announce an official economic growth target, with hopes for more government spending to stimulate the economy. The property market's downturn and financial system strain are prompting measures to encourage more property lending, while China grapples with deflation and declining exports. Amidst these challenges, the country seeks to address weak domestic demand and consumption, as well as growing inequality, through a combination of short and long-term measures.