China’s manufacturing powerhouse cuts 2026 GDP growth target after missing mark

South China Morning PostEN 1 min read 100% complete by He HuifengJanuary 27, 2026 at 01:00 AM

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Guangdong, China's major manufacturing hub, is lowering its GDP growth target for 2026 after failing to meet its 2025 goal. Governor Meng Fanli announced a growth target of 4.5 to 5 percent for this year, a decrease from last year's 5 percent target. This adjustment reflects the province's economic challenges, including a struggling property market and internal regional imbalances. Guangdong's GDP grew by 3.9 percent in 2025, falling short of both its own target and the national average of 5 percent. The province, home to troubled developers, faces persistent economic issues and emerging challenges.

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Hong Kong 50% Evergrande 60% Vanke 60% Country Garden 60% Meng Fanli ×270% China 90% Guangdong ×695%

Keywords

gdp growth target 100% china's manufacturing 90% guangdong 80% economic growth 70% property market 60% regional imbalances 50% economic ambitions 40% external pressures 40%