søndag 8. mars 2026

Facing ‘grave and complex landscape,’ China sets lowest economic growth target in decades

China set its lowest economic growth target in decades on Thursday, announcing it would aim for 4.5-5% expansion in 2026 as the world’s second-largest economy grapples with weak domestic demand and an uncertain global outlook.

The moderate projection follows three consecutive years of aiming for “around 5%” growth from 2023 to 2025, which the country achieved despite a slow recovery from stringent Covid-19 controls and US President Donald Trump’s tariff offensive last year. Still, China’s broader growth trajectory has flattened, weighed down by a prolonged property crisis, declined investment, tepid consumption and deflation.