China announces lowest economic growth target on record at 4.5 to 5%
China has set its 2026 economic growth target at 4.5 to 5%. That’s the first downgrade since 2023 and the lowest growth target since 1991. Premier Li Qiang cites the goal as a need for rebalance. The latest target is the first time in 30 years that the country is seeing a figure below 5%. Tan Yew Guan with more. We also spoke with Dr. Zoe Liu on China's changing growth strategy. Dr Zoe is a Senior Fellow for Council on Foreign Relations, speaking to us from New York.
China has set its 2026 economic growth target at 4.5 to 5%. That’s the first downgrade since 2023 and the lowest growth target since 1991. Premier Li Qiang cites the goal as a need for rebalance. The latest target is the first time in 30 years that the country is seeing a figure below 5%. Tan Yew Guan with more. We also spoke with Dr. Zoe Liu on China's changing growth strategy. Dr Zoe is a Senior Fellow for Council on Foreign Relations, speaking to us from New York.
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