China's ruling Communist Party will hold its most important meeting of the year in October — its first such gathering in 20 months — as the country grapples with a slowdown at home and a trade war with the U.S.

The party's Central Committee, which is made up of more than 200 officials from the government, military and state-owned enterprises, will gather in Beijing, the official Xinhua News Agency said. The schedule was set during a meeting of the 25-member Politburo led by President Xi Jinping on Friday, Xinhua said.

The committee will discuss key issues about maintaining and improving China's socialist system and national governance, according to Xinhua, which didn't announce specific dates. The committee hasn't convened since recommending an end to the constitutional limits on Xi's tenure in February 2018.