China sets lowest growth target for three decades as old model falters
Fran Wang
Beijing | China set its most modest growth target in more than three decades, in a tacit acknowledgment that the model powering the country’s rapid rise for four decades is showing strains.
The goal – a range of 4.5 per cent to 5 per cent – is the first formal downgrade since 2023 and the least ambitious expansion goal since 1991.