China Sets Economy’s Growth Target Below 5% for First Time in Decades
📖 Full Retelling
The goal, announced at a gathering of Communist Party leaders, was the lowest since 1991 and can offer clues about China’s policymaking plans.
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In recent months, many of China’s provinces and major cities released their own 2026 growth targets that were lower than those for last year. That fueled speculation from economists that the national target might fall below 5 percent this year for the first time since 1991, according to an analysis by Macquarie Group, an investment bank. (Officials did not release a growth target in 2020 because of the Covid-19 pandemic.)
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