China trims 2026 growth target to a multi-decade low amid domestic headwinds
TL;DR Summary
China announced a 2026 growth target of 4.5–5%, the lowest since Beijing began issuing targets; officials cite weak domestic demand, a stalled property market, slowed investment and deflation, amid a shift from high-speed to high-quality growth. The government aims to boost the domestic market and tech sectors in its Five-Year Plan, including a 10% rise in science/tech spending and a 250‑billion‑yuan consumer-goods trade-in program, while keeping inflation around 2% and offering only modest stimulus, even as defense spending rises about 7% ahead of a Trump summit.
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- China Sets Economy’s Growth Target Below 5% for First Time in Decades The New York Times
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