China Sets Lowest Growth Target Since 1991 as Old Model Falters

China has set its lowest GDP growth target since 1991 at 'around 5%', signaling a significant shift away from its old, export- and investment-driven economic model. This reflects ongoing structural challenges, including a property market downturn, weak domestic demand, and geopolitical tensions. Investors should brace for slower, more deliberate growth from the world's second-largest economy, with implications for global supply chains and commodity markets. This move suggests Beijing is prioritizing quality over quantity in its economic development.