China's economy took a hit in the second quarter of the year, showing signs of slowing growth following a strong start. The slowdown was attributed to a real estate crash prompting consumers and businesses to tighten their spending. The latest data, released by the Chinese government, added pressure on the Communist Party as leaders gathered for a crucial meeting to chart the course for the country's economic future. Amidst strict controls on information flow, the government maintained a tight grip ahead of the meeting, with limited information being released including canceling the usual news conference for economic data. The National Bureau of Statistics reported a growth of 0.7 percent in the second quarter, falling below expectations. The data suggests an annual growth rate of about 2.8 percent, significantly lower than the previous quarter. These statistics highlight the challenges facing China's economy and the need for strategic planning to boost growth.