Country’s lower GDP target could reflect tech focus over stimulus, slower expansion: analysts

20260205 China local economies

Retailers unpack horse plush toys on Jan. 21 ahead of the Lunar New Year in Yiwu, Zhejiang province, which is among the provinces that set lower GDP growth targets for 2026. © Reuters

WATARU SUZUKI

February 5, 2026 16:18 JST

SHANGHAI — A majority of Chinese provinces have set lower growth targets in 2026 compared with last year, a sign the world’s second-largest economy is bracing for an era of slower expansion.