China Signals Tolerance for Slower Growth with 4.5%-5% Target for 2026
China has lowered its economic growth target to a range of 4.5% to 5.0% for 2026, prioritizing structural reforms and high-tech self-reliance over rapid expansion. The move, unveiled alongside the 15th Five-Year Plan, reflects Beijing's strategic pivot toward a production-focused growth model designed to withstand global competition.