China sets lowest GDP growth target for decades as it braces for economic slowdown | China
China has set its GDP growth target for 2026 at a record low of 4.5-5%, reflecting a shift away from export-led growth towards "high-quality" growth driven by technological industries and structural reform. Li Qiang, China's premier, announced the target during the opening session of the National People's Congress (NPC). Dan Wang, the China director for Eurasia Group, noted that this strategy aims to address downward pressures on economic growth including an aging population, a struggling property sector, and weak domestic demand. Li also pledged to create over 12 million new urban jobs while maintaining a 5.5% target for urban unemployment.
6 MAR 2026
— South China Morning Post
Zhang Bin argues that achieving China's 2% inflation target is essential for achieving other economic goals.
9 MAR 2026
— Sixth Tone
China will increase spending on science and technology, infrastructure, and other key sectors by nearly 7.1% in 2026.
12 MAR 2026
— Al Jazeera
The National People's Congress concluded with the approval of China's 15th five-year plan, setting a growth target of 4.5 to 5 percent for the next five years.
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