China Lowers 2026 GDP Growth Target to 4.5–5.0%, Signaling Policy Shift

China's Chief Economist for Greater China at ING, Lynn Song, has highlighted a reduction in the country's GDP growth target for 2026 to a range of 4.5–5.0%, down from approximately 5% over the past three years. This adjustment reflects a strategic shift, indicating a greater tolerance for tempered economic expansion while still aiming to maintain long-term growth ambitions. The change suggests a more measured approach to economic policy in response to both internal and external pressures. Analysts will be closely monitoring how this outlook influences market expectations and business planning in the region.

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