China Sets Modest 2026 Growth Target, Emphasizes Quality Over Speed
TL;DR
China set a 2026 GDP growth target of 4.5%–5%, the lowest on record, with a roughly 4% budget deficit and around 2% inflation, signaling a shift from chasing high growth to a 'quality-first' approach amid deflation and weak domestic demand. Authorities will deploy sizable fiscal and monetary tools—such as ultra-long-term bonds and local-government bonds—to sustain growth, boost consumption and investment, and create urban jobs as the Two Sessions proceed.
- China sets its lowest annual growth target on record at 4.5% to 5% as deflation and tariffs bite CNBC
- China Sets Economy’s Growth Target Below 5% for First Time in Decades The New York Times
- China sets lowest economic growth target since 1991 BBC
- China sets lowest economic growth target in decades ahead of Trump summit CNN
- China warns of ‘challenges’ as it sets lowest GDP growth target in decades Financial Times
Want the full story? Read the original reporting
Read on CNBC