China targets lowest growth range since 1991 in realistic move as pressures rise

2026-03-05 - 14:35

Beijing has set a relatively cautious yet pragmatic economic growth target for 2026 amid persistent domestic headwinds and escalating external pressures. A 4.5 to 5 per cent GDP growth target – the lowest since 1991 – was announced by Premier Li Qiang on Thursday at the opening session of the National People’s Congress (NPC), China’s top legislature. In delivering his annual government work report, Li reaffirmed Beijing’s aim for stronger economic growth where conditions allowed. He emphasised...