{"id":385672,"date":"2026-01-23T07:39:09","date_gmt":"2026-01-23T07:39:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/385672\/"},"modified":"2026-01-23T07:39:09","modified_gmt":"2026-01-23T07:39:09","slug":"exclusive-china-to-set-gdp-growth-range-providing-policy-flexibility-in-2026-sources","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/385672\/","title":{"rendered":"Exclusive | China to set GDP growth range, providing policy flexibility in 2026: sources"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China\u2019s government is likely to set this year\u2019s economic growth target in a range between 4.5 per cent and 5 per cent, according to three sources briefed on the matter.<\/p>\n<p>Such a target would indicate a tolerance for a modest deceleration from last year\u2019s 5 per cent gross domestic product growth as Beijing highlights the importance of <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3339062\/china-discourages-trend-chasing-among-officials-warning-involution?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">\u201chigh-quality\u201d development<\/a> and urges local officials to embrace \u201cthe right concept of political performance\u201d, the sources said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The range, if confirmed, would serve as another indication of a tilt towards economic rebalancing and stability, both highly valued in the first year of a new five-year plan and even more so in advance of the ruling Communist Party\u2019s next national congress, expected to take place in late 2027.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">In broad terms, \u201cthe right concept of political performance\u201d rejects the idea that economic growth should be the prime criterion used when assessing the performance of local government officials.<\/p>\n<p>This year\u2019s GDP growth target is expected to be unveiled at <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/topics\/national-peoples-congress?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">the annual meeting of the National People\u2019s Congress<\/a> in early March. It also provides guidance for local governments drafting their own economic plans, and is often revealed to related officials in briefings before its official release.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China has set and met an annual GDP growth of \u201cabout 5 per cent\u201d for three consecutive years. The growth rate was 5.2 per cent in 2023 and 5 per cent in each of the past two years.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s government is likely to set this year\u2019s economic growth target in a range between 4.5 per cent&hellip;\n","protected":false},"author":2,"featured_media":385673,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[5713,84,26724,145798,891,5807,145799,74619,5472,77890,145802,62,1294,27875,145797,1431,10793,145801,56,54,55,145800,5926],"class_list":["post-385672","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-beijing","tag-business","tag-central-committee","tag-central-party-school","tag-china","tag-communist-party","tag-consumer-price-growth","tag-consumer-prices","tag-consumer-spending","tag-deflation","tag-domestic-property-market","tag-economic-growth","tag-economy","tag-gdp-growth","tag-gdp-growth-target","tag-inflation","tag-international-monetary-fund","tag-national-peoples-congress","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-us-tariff-policies","tag-xi-jinping"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/385672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=385672"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/385672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/385673"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=385672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=385672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=385672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}