05-March-2026
Economy News
 
China Poised to Trim Growth Ambitions, Pursue Timid Rebalancing Efforts
03-Mar-2026

China’s annual parliament meeting is expected to show tolerance for slightly slower economic growth this year, opening the door for greater, albeit not decisive, efforts to curb industrial overcapacity and rebalance the export-reliant economy. Most analysts expect Premier Li Qiang's report on March 5, the first day of the gathering, to announce a growth target of between 4.5% and 5%, while pledging to boost both consumption and investment in high-tech industries.

News Source:- https://money.usnews.com/investing/news/articles/2026-03-02/china-poised-to-trim-growth-ambitions-pursue-timid-rebalancing-efforts