China likely to chase 5% GDP growth in 2026 in bid to end deflation
NeutralFinancial Markets
- China is likely to target a GDP growth rate of 5% in 2026 as part of its strategy to combat deflation. This initiative comes amid ongoing economic challenges, including a struggling housing market and concerns over consumer confidence.
- Achieving this growth target is crucial for China as it seeks to stabilize its economy and restore investor and consumer confidence. The government's focus on economic recovery is expected to involve measures such as potential mortgage subsidies to support the housing sector.
- This development reflects broader economic trends, including the OECD's forecasts for growth in other regions like the UK, and highlights the interconnectedness of global markets. Additionally, concerns about China's economic performance are influencing currency valuations and prompting responses from other economies, indicating a complex global economic landscape.
— via World Pulse Now AI Editorial System
