China Stocks Rise as Beijing Sets Softer GDP Target

2026-03-05 02:21 By Jam Kaimo Samonte 1 min. read

The Shanghai Composite rose 0.64% to close at 4,109, while the Shenzhen Component gained 1.23% to 14,089 on Thursday, breaking a two-day decline even after Beijing unveiled a lower economic growth target amid persistent deflation and higher US tariffs.

China set a GDP target of 4.5%–5% for 2026, marking the lowest since record began in the early 1990s.

The nation’s 15th Five-Year Plan also pledged increased investments in innovation, high-tech sectors, scientific research, and boosting household consumption as a share of GDP.

On the external front, mainland stocks tracked a rebound in global markets as inflationary concerns eased, though hostilities between the US and Iran persisted.

Technology and power companies led the gains, with strong performances from Biwin Storage Technology (8.8%), Eoptolink Technology (8.6%), Zhongji Innolight (3.3%), TBEA Co (6.2%), and China XD Electric (10%).



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