3 February 2026 | 6:29PM HKT Economics Research China: Local "Two Sessions" point to a lower national growth target this year than last year Bottom line: As of today (3 February), 29 out of the 31 mainland Chinese provinces have officially unveiled their 2026 growth targets during their local "Two Sessions". Among the 29 provinces, 19 lowered their growth targets for 2026. Given recent policy communications, media reports, and signals from local "Two Sessions", we now expect policymakers to lower the nation ...