China Sets 2026 GDP Growth Target at 4.5%–5% Amid Economic Pressures
- brg_news_room
- Mar 16
- 1 min read
China: China has set its 2026 GDP growth target at 4.5%–5%, the lowest target since the early 1990s, according to the government work report released during the annual meeting of the National People’s Congress. The government maintained its budget deficit target at around 4% of GDP, first set in 2025 and the highest level since 2010, while keeping the consumer inflation target at around 2%. Authorities also plan to issue USD 188.5 billion in ultra-long-term special treasury bonds, allocate about USD 36.3 billion for a consumer goods trade-in program, USD 43.6 billion for capital replenishment of large state-owned commercial banks, and issue USD 639.4 billion in local government special-purpose bonds to support major projects.
The plan also targets an urban unemployment rate of around 5.5% and the creation of 12 million new urban jobs, as policymakers address challenges including deflation, weak domestic demand, and property sector weakness.
Source: CNBC
