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Global Times: A Target of Seeking Progress While Maintaining Stability, Being Proactive and Pragmatic
China’s government cited domestic challenges and global risks in setting its lowest growth target since 1991, with a 10% increase planned in science and technology spending.
- At the opening of the Two Sessions this week, Premier Li Qiang announced China set a 2026 growth target of between 4.5-5 per cent, the lowest since 1991, with Xi Jinping seated alongside at the Great Hall of the People on Tiananmen Square.
- Officials said external pressures including sluggish global momentum and rising geopolitical risks, along with weak domestic demand, budgetary imbalances in local governments, and a real-estate market adjustment.
- To rebalance growth, Beijing will prioritize higher tech spending and SOE-led industries, raising science and technology spending by 2 per cent and targeting future industries including quantum and brain-computer interfaces.
- Beijing pledged to boost imports to promote balanced trade and advance negotiations, and Li highlighted stable China-US ties after Xi faced down Donald Trump, who is due to visit later this month.
- The Two Sessions positions China to adopt the 15th five-year plan through 2031, with officials emphasizing nurturing future industries such as quantum and brain-computer interfaces.
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69 Articles
Bennington Banner
Global Times: A target of seeking progress while maintaining stability, being proactive and pragmatic
BEIJING, March 6, 2026 /PRNewswire/ -- GDP growth of 4.5 percent to 5 percent, while striving for better results in practice - this is one of the main development targets for this year outlined in the Government Work Report.
Asia Intelligence Brief — March 6, 2026
What Matters Today 1 China’s NPC sets GDP growth target at 4.5%–5% — lowest since 1991 — as Premier Li Qiang unveils 15th Five-Year Plan with industrial self-reliance at its core — Premier Li delivered the Government Work Report to the 14th National People’s Congress on March 5, targeting GDP growth of 4.5%–5% for 2026 […]
As China revises GDP target to lowest figure in 30-plus years, is the country tired of chasing growth?
Exports and AI could offer solutions for a Chinese economy that continues to slow down in the face of multiple problems, ranging from weak domestic demand to high indebtedness.
Times of India
The Economic TimesGlobal Market | Economic reality check: China sets lowest growth target in more than three decades
China has set its lowest economic growth target in more than three decades, signalling rising economic pressures as the country grapples with a property slowdown, weak consumption and demographic decline. Beijing is focusing on technological self-reliance, higher research spending and housing stabilisation while maintaining defence expansion and long-term climate commitments.
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