China sets slowest growth target since 1991, focusing on tech and domestic demand

abcnews.com

China set its lowest economic growth target since 1991, aiming for 4.5% to 5% in 2026, reflecting pragmatic acknowledgment of a weak domestic economy. The five-year plan up to 2030 prioritizes technological self-reliance in AI and robotics amid U.S. rivalry, while also addressing property market stabilization and boosting domestic consumption. The plan also includes a 7% defense budget increase and efforts to encourage births amidst a declining population, alongside continued renewable energy initiatives.


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