China has announced its GDP growth range for this year of between 4.5 and 5 per cent, the lowest in decades, and maintained a higher fiscal deficit in an acknowledgment that the world’s second-largest economy is set to expand at a slower rate.
The figure, released in a report ahead of the opening of the annual session of China’s rubber-stamp parliament, represents a modest step down from last year’s target of “around 5 per cent” and the actual growth of 5 per cent during 2025.
A range of 4.5 to 5 per cent was “broadly aligned with the long‑term objective of reaching mid-level developed-economy income by 2035”, said Standard Chartered senior China economist Carol Liao in a note ahead of the release of the report.
您已阅读26%（719字），剩余74%（2049字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。