President Xi Jinping faces his greatest challenge yet ahead of a historic Communist Party meeting.
Asia Business Correspondent
The country might not be battling steep inflation like the US and the UK, but it has other problems - the factory of the world has suddenly found fewer customers for its products both domestically and internationally. Trade tensions between China and major economies such as the US are also hampering growth.
People are also not spending money on things like food and beverages, retail or tourism, putting major services under pressure. "There is not a lot of point in pumping money into our economy if businesses cannot expand or people cannot spend the money," said Louis Kuijs, chief Asia economist at S&P Global Ratings.Beijing has stepped in - in August it announced a 1 trillion yuan plan to boost small businesses, infrastructure and real estate.
"When confidence is weak in the housing market, it makes people feel unsure about the overall economic situation," Mr Kuijs said.on unfinished buildings and some doubt their houses will ever be completed. Demand is down for new homes and that has reduced the need for imports of commodities used in construction., home prices in dozens of cities have declined by more than 20% this year.
As the demand for air conditioning spiked, it overwhelmed the electricity grid in a region that almost entirely relies on hydropower.
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