‘High-quality growth’ target of 4.5-5% outlined at Two Sessions as Chinese premier talks of complex situations at home and abroad

• What are China’s Two Sessions and why do they matter?

China has set its target for GDP growth to a record low of 4.5-5%, the first time since 1991 that the figure has dropped below 5%, reflecting an economic strategy that is shifting away from export-led growth to a model that leaders hope will be more resilient to external shocks.

Li Qiang, China’s premier, announced the target for 2026 in the opening session of the National People’s Congress (NPC), China’s annual parliamentary gathering, which began on Thursday.

Spectre of military upheaval will hang over annual meetings where Beijing’s five-year plan will be launched

The standing committee of China’s top political advisory body has voted to remove three generals from its ranks as a sweeping purge of the military continues before this week’s annual Two Sessions gathering.

The advisory body will meet on Wednesday, while China’s legislature, the National People’s Congress (NPC) – which removed nine generals last week – will start its annual session on Thursday. Collectively the concurrent meetings are referred to as Two Sessions, one of the most important events in China’s political calendar when thousands of delegates arrive in Beijing.