<div id="readability-page-1"><div><p>HONG KONG â China will set a lower economic growth target range for 2026 than 2025, the South China Morning Post reported, reflecting mounting signs that activity will continue to slow.</p><p>The growth target will be 4.5 per cent to 5 per cent this year, the newspaper reported, citing three unidentified sources briefed on the matter. Thatâs down from a goal of âaround 5 per centâ in 2025.</p><p>The target was likely agreed in December at a major planning conference in Beijing, but wonât be officially released until the National Peopleâs Congress meets in March.</p><p>Chinaâs gross domestic product expanded 5 per cent in 2025, data released last week showed, with record exports compensating for cooling private consumption and an unprecedented drop in investment. That lopsided growth model is expected to be harder to sustain in an era of rising protectionism across the world.Â </p><p>Net exports contributed a third of economic growth in 2025, the statistics bureau said, the highest level since 1997. That uneven growth pattern will likely persist in 2026 because Beijing is unlikely to unleash massive stimulus as it continues to battle risks tied to local government debt.Â BLOOMBERG</p></div></div>

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<p>中國計劃在 2026 年設定較低的經濟增長目標，範圍為 4.5% 至 5%，低於 2025 年的約 5%。《南華早報》報道，這一決定反映了持續的經濟放緩跡象，可能是在 12 月的規劃會議上達成的。官方公告將在 3 月的全國人民代表大會上發佈。中國的 GDP 在 2025 年增長了 5%，主要受創紀錄的出口推動，但在全球保護主義上升和地方政府債務風險加劇的背景下，這一增長模式正變得不可持續</p>

China will set lower growth target for 2026 as economy slows, SCMP says

- 中國預計 2026 年的經濟增長目標將降至 4.5% 至 5%。
- 這一目標低於 2025 年的 “約 5%”，反映出經濟活動放緩的趨勢。
- 預計官方將在全國人民代表大會 3 月召開時公佈該目標。

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南華早報報道，由於經濟增速放緩，中國計劃為 2026 年設定較低的增長目標