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Deflation and tariff-hit China sets lowest growth target on record at 4.5% to 5%
China on Thursday set its GDP growth target for 2026 at 4.5% to 5% — the lowest target on record going back to early 1990s — as Beijing grapples with persistent deflationary pressures and trade tensions with the U.S. That target, stated in the government work report released Thursday, marks a downgrade from the “around 5%” set in the past three years and is the most modest goal on record for the world’s second largest economy, barring 2020 when Beijing did not set a growth target due to the pandemic. Beijing also kept its budget deficit target unchanged from last year’s “around 4%” of GDP, as the ... (full story)
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*CHINA SETS 2026 GDP GROWTH TARGET AT 4.5%-5% *CHINA SETS 2026 CPI GROWTH TARGET AT ABOUT 2% Just in | China projects a budget deficit of approximately 4% of GDP for 2026, according to an official report.
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