China Sets Lowest Economic Growth Target in Decades Amid Rising Global Uncertainty

The Chinese government has officially lowered its annual GDP growth target to a multi-decade low, signaling a shift toward a more cautious economic strategy. This decision reflects Beijing's intent to manage expectations as the world's second-largest economy faces mounting structural challenges. Chinese officials highlighted that the revised target range is a proactive measure against increasing global economic uncertainty. Market analysts view this move as a significant indicator of cooling momentum in a key driver of global trade and demand. The lower growth outlook is expected to dampen sentiment across global commodities and trade-proxy currencies like the AUD/USD. Investors are now closely monitoring regional equity markets and the USD/CNH pair for further signs of economic recalibration.