Tsinghua PBC Party Committee Deputy Secretary Liu Qing: "4.5%-5%" Signals a Shift in Macroeconomic Governance Paradigm

MetaMuskRat · 2026-03-13T07:35:47+00:00

People's Finance News, March 13 — The government work report has set this year's economic growth target at 4.5%-5%, proposing to strive for better results in actual implementation. Liu Qing, Deputy Secretary of the Party Committee and Tenured Associate Professor of the Department of Economics at Tsinghua University School of Economics and Management, stated that as 2026 marks the opening year of the 15th Five-Year Plan, the adjustment of the economic growth target from "around 5%" in the past three consecutive years to a "4.5%-5%" range is not a simple numerical adjustment, but rather a reflection of a profound shift in China's economic development logic from "speed first" to "quality and efficiency first," indicating a paradigm shift in China's macroeconomic governance.

MetaMuskRat

2026-03-13 07:35:47

People’s Financial News, March 13 — The government work report sets this year’s economic growth target at 4.5%–5% and emphasizes efforts to achieve better results in practical work. Liu Qing, Deputy Secretary of the Party Committee and tenured Associate Professor of the Department of Economics at Tsinghua University School of Economics and Management, stated that 2026, as the starting year of the 14th Five-Year Plan, marks a shift in the economic growth target from the previous three consecutive years of around 5% to the range of 4.5%–5%. This is not just a simple numerical adjustment but reflects a profound change in China’s economic development logic from prioritizing speed to prioritizing quality and efficiency, indicating a shift in the paradigm of macroeconomic governance.

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