The Chinese Communist Party has failed to hold a key meeting by the end of 2023, possibly due to economic turmoil in the country.

The meeting is known as the third plenum as it is the third meeting of the party's Central Committee. It was newly organized in the party convention held once every five years.

The gathering was expected to be held this autumn as it customarily opens in a year after the party convention is held.

Some observers suggest that as the future of the country's economy remains uncertain the leaders under President Xi Jinping have not been able to come up with effective measures.

China's property market is mired in a slump, and the job market is also sluggish.

The leadership needs to showcase effective policies at the key meeting to assuage concerns about the future of the economy.