← March 5, 2026 briefingEconomy
China Sets Lowest GDP Growth Target Since 1991
China has pegged its GDP growth target at 4.5–5% for the year, the first time it has dropped below 5% since 1991, as Premier Li Qiang signals a deliberate shift away from export-led growth toward a more domestically resilient model. The target was announced at the annual Two Sessions parliamentary gathering in Beijing, where leaders acknowledged "complex situations at home and abroad" — widely understood as a reference to trade pressures and the fallout from the US-Iran conflict disrupting global supply chains.
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