China's economy grew at its slowest pace in a year last quarter, official data showed Monday, as high-ranking leaders kicked off a closely watched meeting in Beijing focused on long-term policy planning.

The data was released just hours before state media announced the start of the four-day conclave, where top brass from the ruling Communist Party are expected to discuss strategies to address sluggish household spending and persisting woes in the vast property sector.

It also comes ahead of in-person discussions later this month between top Chinese and US trade officials -- as well as a potential meeting between presidents Donald Trump and Xi Jinping.

Trump earlier this month threatened blistering 100 percent tariffs on Chinese goods from November 1, in response to Beijing's sweeping export controls in the strategic rare earths sector.

Gross domestic product in the July-September quarter expanded 4.8 percent year-on-year, the National Bureau of Statistics (NBS) said, down from 5.2 percent in the previous three........

© International Business Times