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China lowers GDP growth target to 4.5-5% amid economic slowdown

China plans fiscal stimulus with 1.6 trillion yuan in bonds to counter deflation and weak demand amid the lowest GDP growth target in 35 years, officials said.

Summary by UPI
China has lowered its economic growth target to between 4.5% and 5% for 2026, marking the lowest level in about 35 years as grapples with deflation

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China opened the fourth session of the 14th National People’s Assembly (NPA), the country’s highest legislative body. At the opening, Prime Minister Li Qiang presented the report on the government’s work. The document sets an economic growth target of between 4.5% and 5% by 2026. “Xinhua.” “Granma.” “Latin Press.” Beijing. 6/3/2026. China’s GDP will grow by more than 6 trillion yuan (about 869.6 billion dollars) this year, according to forecasts…

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UPI broke the news in Washington, United States on Thursday, March 5, 2026.
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