China sets its lowest economic growth target in decades

China has set its economic growth target for 2026 at a range of 4.5% to 5%. This is the country's lowest official GDP growth target in a generation, with some reports noting it's the lowest since 1991.

The government also set its budget deficit target at around 4% of GDP for the year. Officials and experts have described the target range as providing flexibility for policy and signaling a commitment to stable growth despite global economic challenges.