Most Chinese provinces are targeting lower economic growth this year, in what many economists believe is a signal Beijing will set a historically low range of 4.5-5 per cent for its official goal in 2026.
Of the 29 out of China’s 31 province-level areas that have so far announced growth targets, 19 have cut them compared with 2025, according to a tally by the FT.
The central government is scheduled to set its official target for this year at the annual meeting of the National People’s Congress, China’s rubber-stamp parliament, next month.
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