中国经济：下调增长目标-China Economics Lower Growth Target

Vi e w p o i n t | 28 Jan 2026 18:38:43 ET │ 9 pages China Economics Lower Growth Target CITI'S TAKE We now expect policymakers to set the growth target for 2026E at 4.5~5%, lower than our earlier forecast (see: 2026 Outlook: Mind the Gap). It would be the first downward revision after three years of GDP growth meeting the "around 5%" target. 13 out of the 20 provinces that have announced their 2026 targets have guided down. Our expected policy package – ~RMB1trn extra fiscal, 20bps rate cut and 50bps RRR c ...