That marks a slight downgrade from the "around 5%" target set in the past three years.
Assemblea nazionale Popolo parte con la relazione del premier Li Qiang
China has lowered its economic growth target to between 4.5% and 5% for 2026, marking the lowest level in about 35 years as grapples with deflation
It is the first time the target has been lowered since it was cut to "around 5%" in 2023.
‘High-quality growth’ target of 4.5-5% outlined at Two Sessions as Chinese premier talks of complex situations at home and abroad
That target at 4.5% to 5% marks a downgrade from the “around 5%” set in the past three years.
China has set its lowest growth target in decades, acknowledging domestic challenges and pointing to global uncertainty.