China sets lowest economic growth target since 1991
China has announced its lowest economic growth target since 1991, signaling a significant shift in its economic outlook. This new target marks the first time the country has lowered its projection since it was set at "around 5%" in 2023. The adjustment reflects ongoing domestic challenges and global economic headwinds impacting the nation's growth trajectory. This conservative forecast suggests Beijing is prioritizing stability and quality of growth over aggressive expansion. The decision will likely influence global markets and China's future policy decisions.
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For the eighth year in a row, the Department of Defense has failed its annual financial audit, unable to account for approximately 60 percent of its assets. Despite this, Congress approved a record $1 trillion defense budget for 2026.
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