China Lowers 2026 Economic Growth Target to 4.5-5% in First Cut in Three Years

• •China's 2026 GDP growth target has been set at 4.5% to 5%, the first reduction in three years, according to a report presented by Premier Li Qiang at the opening session of the National People's Congress.
• •The lowered target represents a slight decrease from the previous year's goal amid what Business Standard described as a prolonged property slump and uncertainty abroad.
• •CNA characterized the announcement as a closely watched signal of policy direction as the economy grapples with weak demand, property strains, and trade pressures.
• •Global uncertainty and external trade pressures were cited alongside domestic challenges as factors influencing the government's more conservative growth expectations.

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