China just set its lowest economic growth target since 1991

China's Premier Li Qiang announced an economic growth target of 4.5% to 5% for the year, marking the lowest growth target the country has set since 1991. This reflects China's acknowledgment of economic headwinds and could signal continued challenges for the world's second-largest economy.

• →China set its lowest economic growth target since 1991 at 4.5% to 5%.
• →The target was announced by Premier Li Qiang as part of government economic planning.
• →This represents a conservative approach amid ongoing economic challenges in China.
• →The lower target could impact global economic sentiment and market expectations.
• →China's economic slowdown may affect demand for risk assets including cryptocurrencies.