CNBC Daily Open: China sets lowest growth target in decades
By Nur Hikmah Md Ali
Published on March 5, 2026.
China has set its GDP growth target for 2026 at 4.5 to 5%, the lowest since the early 1990s, amid ongoing deflationary pressures and trade tensions with the U.S. Defense spending will rise by 7%, the slowest increase since 2021. However, analysts believe the official figures are understated. A vote to force President Donald Trump to withdraw from the Iran war failed to pass in the Senate, as he is expected to veto it. A tech industry group expressed concern over a company being designated as a supply chain risk by U.K.
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