Chinese leader Xi Jinping smiling.
Chinese leader Xi Jinping.
  • China's Third Plenum meeting ended with a vague economic plan, disappointing analysts.
  • China's economy is struggling amid a property crisis and weak consumer spending.
  • China's exports are strong but consumer sentiment and spending are very weak.

Last week, China held a major meeting to draft out long-term strategies for its economy.

The meeting — held once every five years — was closely watched because the world's second-largest economy has not been able to claw itself out of an epic property crisis post-pandemic, and its once-mighty consumers are just not splashing out that much anymore.