{"id":439973,"date":"2026-01-27T04:50:12","date_gmt":"2026-01-27T04:50:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/439973\/"},"modified":"2026-01-27T04:50:12","modified_gmt":"2026-01-27T04:50:12","slug":"chinas-manufacturing-powerhouse-cuts-2026-gdp-growth-target-after-missing-mark","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/439973\/","title":{"rendered":"China\u2019s manufacturing powerhouse cuts 2026 GDP growth target after missing mark"},"content":{"rendered":"

China\u2019s premier manufacturing hub is recalibrating its economic ambitions, with policymakers in the industrial heartland of Guangdong setting a cautious growth target for 2026, signalling a strategic shift amid intensifying external pressures and internal regional imbalances.<\/p>\n

The southern province, bordering Hong Kong, expects its gross domestic product to grow between 4.5 and 5 per cent this year, its governor, Meng Fanli, said on Monday while delivering the annual government work report at the opening of the Guangdong provincial people\u2019s congress.<\/p>\n

The proposed growth range marks a downward adjustment from last year\u2019s target of around 5 per cent but is in line with the 2026 national target<\/a> reported by the Post on Friday.<\/p>\n

The move comes after the province fell short of that 5 per cent target amid a persistent drag from the property market. Guangdong is home to major troubled developers such as Evergrande, Vanke and Country Garden.<\/p>\n

Official data showed Guangdong\u2019s GDP grew in 2025 by 3.9 per cent, year on year, ranking poorly among the mainland\u2019s 31 provincial-level jurisdictions. Nationwide, the economy grew by 5 per cent<\/a> last year.<\/p>\n

The province\u2019s economy continues to face a mix of long-standing issues and emerging challenges, Meng said in the report.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s premier manufacturing hub is recalibrating its economic ambitions, with policymakers in the industrial heartland of Guangdong setting…\n","protected":false},"author":2,"featured_media":439974,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[66241,64,63,3686,37528,99,2065,228921,39764,164,37943,39380,228920,10340,2328,228922,28765,112797,228923,37335],"class_list":["post-439973","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alibaba-group","tag-au","tag-australia","tag-beijing","tag-belt-and-road-initiative","tag-business","tag-canada","tag-china-development-institute","tag-country-garden","tag-economy","tag-evergrande","tag-guangdong","tag-guangdong-hong-kong-macau-greater-bay-area","tag-hong-kong","tag-italy","tag-meng-fanli","tag-south-china-morning-post","tag-unitree","tag-vanke","tag-zhejiang"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/439973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=439973"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/439973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/439974"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=439973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=439973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=439973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}