China Looks on Track to Meet 2026 Growth Target, ING Economist Says
ING economist Lynn Song says China is well placed to reach its 2026 GDP growth target of 4.5-5.0%. Third-quarter growth rose to 4.5% from 4.3%.
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what happened
ING economist Lynn Song, in a note cited by Market Talk, argues that China should be on course to reach its annual GDP target. Growth picked up to 4.5% year on year in the third quarter, compared with 4.3% in the second.
Song notes that a few months remain in the year and that China is well positioned to meet its 2026 target range of 4.5-5.0%. September domestic data showed signs of stabilization, with retail sales beating expectations and industrial output still leading the economy.
Still, Song says the economy stays unbalanced heading into 2027, as weakness in property and soft domestic demand persist. That leaves growth exposed to swings in external demand.
why it matters
For markets, the key question is how durable the recovery is. Reliance on industry and exports makes the Chinese economy more sensitive to external shocks, which matters for the yuan, Asian equities and demand for raw materials such as iron ore and copper.
market impact
Yuan, China stocks and commodity demand: confirmed growth supports sentiment, but external risks remain a drag
tags
instruments
sources
- China Likely on Track to Hit Annual Growth Target — Market Talk, 20 October 2026 at 02:29 UTC
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