China’s Deepening Economic Problems – The Epoch Times
China has set its lowest economic growth target in decades, aiming for 4.5-5% growth in 2026. This target, announced at the National People's Congress, signals the government's willingness to tolerate slower growth while focusing on long-term structural fixes.
China's leaders have set a growth target of 4.5-5% for 2026. This is the lowest target since 1991 and reflects the country's slowing economic growth. The target was announced at the National People's Congress, where leaders reveal the government's main economic and policy priorities. China's economy has faced downward pressures, including chronic price deflation and high youth unemployment. The government has also set a central budget deficit of around 4% of GDP. Provincial and local governments will also play a role in borrowing and fiscal stimulus.
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