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