0944 GMT - China's lower economic growth target reflects a structural transition rather than weakening momentum, according to commentary by Yuyuantantian, a social-media account affiliated with China Central Television. The remarks follow Beijing's announcement of its lowest growth target since the 1990s. The commentary says China is shifting from being the world's factory toward a bigger role in the global digital economy. Slower growth in provinces such as Guangdong and Shandong reflects a move toward innovation-led development rather than economic decline, it adds. China is expected to shift to a "technology-industry-consumption" model from one driven largely by infrastructure and property. (singaporeeditors@dowjones.com)

(END) Dow Jones Newswires

March 05, 2026 04:44 ET (09:44 GMT)

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