China's leaders meet to drop an economic blueprint for the next five years. Live from the

UK, this is the Marketplace Morning Report from the BBC World Service. I'm William Lee Adams. Good

morning. We start in Beijing, where members of China's ruling Communist Party have gathered to discuss

the country's economic plans for the next five years. New figures, show growth has slowed to a one-year low will hang over proceedings.

The BBC's China correspondent, Stephen McDonnell, is here to tell us more.

Stephen, hello.

Hello, how you going?

So we've got new data out of China for the third quarter.

What do those numbers tell us about the state of the Chinese economy?

In short, a slowing. Year on year, third quarter, GDP is down. Now, it's not the only bit of

data we're getting showing that there are problems with the economy today because the price of

houses, homes, is coming down. Now, whether that's a problem or not, it depends

who you are in China. In some ways, young people would say fantastic. It might help me get

into the real estate market. But the problem, of course, is that other people who bought

too high when the bubble was blown up too much, well, they're stuck with these apartments that they've paid way too

much for and the prices are coming down. And the same thing is happening with household goods here,

sofas and anything that you might put inside that flat. Well, if the prices are coming down and

people are waiting for them to come down further and people keep pushing the price down in response

to that,

this is all having a deflationary impact on the Chinese economy.

These figures have come out as China's Communist Party gather for the start of four days of closed-door meetings. How can this meeting address the issues in the economy?

Let's talk about the document, which they're going to come up with, the five-year

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