China Sets Lowest Growth Target in Decades Amid Global Uncertainty. Beijing announced a 2026 GDP growth target of 4.5% to 5%, the least ambitious goal since the early 1990s. The decision reflects mounting domestic challenges and external risks, including geopolitical tensions in the Middle East that threaten China's energy supplies. Premier Li Qiang acknowledged persistent headwinds from weak consumption, investment struggles, and local government financial difficulties. Officials stated the modest target provides flexibility to respond to unpredictable global conditions. Energy concerns have intensified following the Iran conflict and Venezuela's political upheaval, prompting China's state refiners to suspend fuel exports as a precautionary measure.