MNI: China Sets Lowest Annual GDP Target Since 1991

China has set its 2026 economic growth target range at 4.5% to 5%, marking the weakest expansion goal since 1991 and aligning with MNI’s earlier report as well as market expectations.

The lower target signals policymakers’ greater tolerance for slower growth as they prioritise economic restructuring over short-term stimulus.

Chinese economists told MNI that, amid persistent downward pressure, 2026 GDP growth is likely to come in around 4.8% year-on-year. They had expected the official target to be lowered from last year’s “around 5.0%” to a range of 4.5% to 5.0%, reflecting subdued domestic demand and ongoing export headwinds. Authorities are seeking to avoid large-scale stimulus measures that could limit future policy flexibility, they added. (See:MNI: Lower China GDP Growth Eyed Amid Economic Headwinds)