China's Leaders Convene to Address Economic Growth, Unemployment, and Financial Reforms
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China's leaders meeting to find ways to fix fractured property market, create jobs for unemployed youth, and spur faster economic growth.
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Meeting follows announcement of $330B in infrastructure bonds to counter housing construction slowdown.
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Will tackle reforms like unwinding debt held by developers, local governments, and regional banks.
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Comes after recent leadership shakeup and Xi's consolidation of control over financial sector.
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Challenge is achieving sustainable, balanced growth while reducing hazardous debt levels across economy.