China’s government is likely to set this year’s economic growth target in a range between 4.5 and 5%, reports the South China Morning Post, citing to three sources briefed on the matter.
The range, if confirmed, would serve as another indication of a tilt towards economic rebalancing and stability, both highly valued in the first year of a new five-year plan and even more so in advance of the ruling Communist Party’s next national congress, expected to take place in late 2027.
China has set and met an annual GDP growth of “about 5%” for three consecutive years. The growth rate was 5.2% in 2023 and 5% in each of the past two years, says the SCMP.