Chinese regions lower their growth targets

Wednesday 4 February 2026

29 of the 31 provinces on the Chinese mainland have released growth targets for 2026.

Nineteen of the 29 provinces reduced their 2026 growth goals.

This sets the stage for Beijing to follow suit and reduce the national real GDP growth objective from “around 5%” last year to “4.5-5.0%” for 2026.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.