China Lowers 2026 Economic Growth Target to 4.5–5 Percent Range

China has lowered its 2026 economic growth target to a range of 4.5 to 5 percent, marking its lowest goal since 1991. Announced by Premier Li Qiang at the National People's Congress, this adjustment reflects challenges such as a prolonged property market slump and external uncertainties. The government aims to shift focus from debt-driven growth to more sustainable drivers like domestic consumption and high-tech manufacturing, allowing greater policy flexibility amid global and domestic headwinds.