Headline: China Sets Lowest Economic Growth Target Since 1991
- Mar 7
- 1 min read
Why this matters:The lower growth target reflects increasing economic pressures facing the world’s second-largest economy.
Summary:
China set its 2026 economic growth target at 4.5%–5%, the lowest since 1991.
The target was announced during China’s annual “two sessions” political meetings in Beijing.
Premier Li Qiang outlined the goals in a 46-page government report.
China faces weak domestic consumption, a shrinking population, and a property sector crisis.
Global trade tensions and energy supply disruptions also threaten economic growth.
Officials aim to boost innovation, high-tech industries, and scientific research investment.
More than 100 major infrastructure and industrial projects are planned over five years.
China plans to expand artificial intelligence use across key industries.
The government aims to strengthen renewable energy and reduce carbon emissions.
Policies also target declining birth rates and population ageing.
What’s next:China’s full 15th Five-Year Plan, outlining economic goals to 2030, will be voted on during the closing session.
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