A leading Chinese state media outlet has run back-to-back front-page editorials over the past two days pushing back against claims that China\u2019s economy is losing steam and that the global economy is experiencing a \u201cChina shock 2.0\u201d.<\/p>\n
\u201cLooking across the globe, China\u2019s growth target stands out as second to none,\u201d the state-run Economic Daily wrote in a Thursday editorial, noting that the country\u2019s goal of achieving 4.5 to 5 per cent growth<\/a> in 2026 was far higher than the 2.6 per cent global growth rate forecast by the World Bank in January.<\/p>\n It added that the target reflected China\u2019s \u201cstrategic composure and policy acumen in pursuing steady, long-term development\u201d, noting it had silenced claims that the economy was \u201closing speed\u201d.<\/p>\n The comments came after Beijing set its lowest annual growth target since 1991 for this year, with policymakers focused on transforming the Chinese economy to put it on a more sustainable footing<\/a> and reduce its vulnerability to external pressures.With China just starting to implement its latest five-year plan<\/a>, an overly ambitious growth target could lead to resources being misallocated and undermine the leadership\u2019s long-term goals, the article said.<\/p>\n At the same time, an excessively low growth rate would fail to support industrial upgrading and technological innovation, it added, calling the 4.5 to 5 per cent target a \u201creasonable range\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"A leading Chinese state media outlet has run back-to-back front-page editorials over the past two days pushing back…\n","protected":false},"author":2,"featured_media":378115,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[2102,72,114,169168,969,157210,113,1813,61,11829,60,90,167391],"class_list":{"0":"post-378114","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beijing","9":"tag-business","10":"tag-china","11":"tag-china-shock","12":"tag-donald-trump","13":"tag-economic-daily","14":"tag-economy","15":"tag-europe","16":"tag-ie","17":"tag-iran","18":"tag-ireland","19":"tag-us","20":"tag-us-israel-war"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/378114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=378114"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/378114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/378115"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=378114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=378114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=378114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}