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China sets lowest growth target since 1991
Mint Mumbai
|March 06, 2026
China set its most modest growth target in more than three decades, in a tacit acknowledgement that the model powering the country’s rapid rise for four decades is showing strains.
The goal marks the first formal downgrade since 2023.
(REUTERS)
The goal—a range of 4.5% to 5%—is the first formal downgrade since 2023 and the least ambitious expansion goal since 1991. While widely anticipated by economists, it carries symbolic weight in a country where growth figures function as political statements as much as economic forecasts.
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