China lowers economy growth target to 4.5-5% amid global, domestic uncertainties
The Hindu7 hrs
China's growth target reflects strategic wisdom and confidence in long-term development. The 4.5-5% range aligns perfectly with the nation's path toward becoming a mid-level developed country by 2035, while providing the flexibility required to navigate uncertainties and maintain high-quality growth over quick gains.
China's lowered growth target exposes a structural crisis masked by export surges. The housing collapse, youth unemployment exceeding 16%, and shift from expansion to preservation signal an economy entering permanent stagnation, with demographics, debt and political rigidity making recovery impossible.
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