China sets lowest GDP growth target for decades as it braces for economic slowdown

The Guardian - World NewsEN 2 min read 100% complete by Amy Hawkins in BeijingMarch 5, 2026 at 04:18 AM

AI Summary

medium article 2 min

China has set a GDP growth target of 4.5-5% for 2026, the lowest since 1991, signaling a shift away from export-led growth. Premier Li Qiang announced the target at the National People's Congress in Beijing, emphasizing "high-quality growth" focused on hi-tech industries and structural reform. This adjustment reflects China's efforts to build a more resilient economy amid challenges like an aging population, property sector issues, and weak domestic demand. The government aims to create over 12 million urban jobs and maintain a 5.5% urban unemployment target. China is also prioritizing financial discipline and boosting domestic demand as part of its economic strategy.

Key Entities & Roles

Key Player Opposition Context

Eurasia Group 40% Donald Trump 50% Dan Wang 50% Beijing ×260% United States ×260% National People’s Congress (NPC) ×270% Li Qiang ×380% China ×1190%

Keywords

gdp growth 100% economic slowdown 90% economic strategy 80% export-led growth 70% high-quality growth 60% structural reform 60% urban unemployment 50% domestic demand 50% hi-tech industries 50% trade war 40%