China economic growth target set below 5% for the first time at key meeting

Thousands of Chinese officials have gathered in Beijing for the opening session of the National People’s Congress (NPC), where delegates are approving the country’s economic and political roadmap for the next five years.

China has set a target of 4.5 to 5 percent gross domestic product (GDP) growth for 2026, according to a government report reviewed by the state’s official Xinhua News Agency on Thursday, down from a recent target of “around 5 percent”.

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The lowered growth figure reflects China’s economic slowdown, triggered in part by the collapse of the country’s property sector, which once accounted for between 25 and 30 percent of GDP.

“The growth target is quite realistic,” the Economist Intelligence Unit’s China economist Tianchen Xu said, noting the figure reflected China’s trend towards more conservative expectations.

“It’s a further shift from a ‘number-first’ mindset towards a ‘quality-first’ one,” Xu told the Reuters news agency.

“Beijing does not necessarily see high growth rates as a good thing, because it may incentivise local officials to exaggerate growth with white elephant projects and data manipulation,” Xu said.

“It’s about delivering more tangible economic results such as household income growth and expanded access to public services,” Xu added.

China also intends to expand defence spending by 7 percent, the lowest rate in five years, according to Reuters, albeit higher than the rest of the region.

Facing a long-term economic slowdown, China is trying to transition from an economy driven by manufacturing and exports to one driven by consumption and cutting-edge technology. It is also aiming for more industrial self-reliance in the face of political headwinds from the United States.

Other ongoing challenges facing the world’s second-largest economy include deflationary pressure, weak consumer confidence, high youth unemployment and the fallout from US President Donald Trump’s tariffs and trade war.

‘Childbirth-friendly society’

Chinese Premier Li Qiang’s annual Government Work Report, presented at the NPC on Thursday, showed China’s GDP grew 5 percent to 140.19 trillion renminbi (RMB) ($20.28 trillion) last year.

The lengthy report also detailed other targets, such as China’s plans for its 2026 fiscal stimulus, including a target of about 30 trillion RMB ($4.3 trillion) in public spending, according to Xinhua.

China will continue state support for advanced industries such as “integrated circuits, aviation and aerospace, biomedicine, and the low-altitude economy”, the work report said, referring to the use of drone technology in everything from logistics to agriculture and emergency services.

Officials have, according to reports, started targeting the problem of “involution” or over-competition between domestic firms, which often leads to overproduction and low-quality products.

The work report also touched on how China plans to tackle social and environmental issues, such as population decline, which has been triggered by its ageing society, falling birthrate and the long-term impact of its now-abandoned one-child policy.

China aims to become a “childbirth-friendly society”, Xinhua reports, and the country intends to expand services for its growing population of people over 60.

It also aims to hit peak carbon emissions by 2030 as it transitions to more renewable energy sources from coal and other fossil fuels, the report said.

The NPC is being held in Beijing alongside the Chinese People’s Political Consultative Conference (CPPCC), a separate advisory body to the country’s leadership that submits feedback and proposals for future legislation.

Together, the NPC and CPPCC are known as the “Two Sessions”.

Iran targets Kurdish groups in Iraq, begins wave of attacks on Israel

Iranian forces have launched an operation targeting Kurdish groups in their semi-autonomous region of neighbouring Iraq, as they also began their 19th wave of missile and drone attacks against Israel and United States assets in the Middle East on the sixth day of a regional war that has embroiled much of the region in the conflict.

Iran’s Press TV reported early on Thursday that the military was targeting “anti-Iran separatist forces”, without specifying the location of the strikes.

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Iran’s ⁠intelligence ⁠ministry confirmed that it targeted posts ⁠of “separatist groups” who intended to enter through ⁠western borders, adding that they sustained heavy losses. The Iranian ministry ⁠statement, which ⁠was carried by state media, said Iranian forces are cooperating ‌with “noble Kurds” to thwart the “Israeli-American” plan to attack ‌Iranian ‌soil.

The new strikes on Iraq’s semi-autonomous Kurdish region come nearly one week into the US-Israel war against Iran, which has killed at least 1,045 people across the country since Saturday, according to Iran’s semiofficial Tasnim news agency.

Video clips posted on X by Press TV showed explosions lighting up the night sky during the operation.

Earlier, multiple blasts were reported in the province of Sulaimaniyah in northern Iraq. According to local media, at least four explosions were heard in the province, near the areas of Arabat, Zarkuiz and Surdash.

Local sources said the attacks targeted the headquarters of the Kurdistan Toilers Association, or Komala, an Iranian Kurdish armed group in Iraq.

The attacks come amid reports that Iranian Kurdish armed groups have consulted with the US in recent days about whether, and how, to attack Iran’s security forces in the western part of the country and what support they might receive from Washington.

According to the Reuters news agency, the Iranian Kurdish coalition of groups based on the ‌Iran-Iraq border has been training to mount such an attack in hopes of weakening the country’s military.

Earlier, Iran’s Tasnim news agency denied reports of Kurdish fighters crossing into Iran from Iraq.

Iran hits back at Israel, US presence

As the attacks on Kurdish groups were launched, Iran’s Islamic Revolutionary Guard Corps (IRGC) also announced the latest round of attacks against Israel and US assets in the Middle East early on Thursday.

Israel’s air defence system intercepted two drones over the western Galilee region, Israel’s Channel 12 reported. Saudi Arabia said it intercepted at least three drones, while Qatar ordered the evacuation of homes near the US Embassy in Doha.

Residents flee Tehran

Meanwhile, the US and Israel continue to pound Iran, with explosions shaking Tehran as well as the Kurdish cities of Sanandaj, Saqqez and Bukan.

The Israeli military, on Monday morning, confirmed a new widespread wave of attacks on Iran, with a spokesperson stating that its air force “attacked and destroyed” a ballistic missile platform that had been preparing to launch an attack from the Iranian city of Qom.

The US Central Command (CENTCOM), in turn, said it aimed to “eliminate” Iran’s mobile missile launch capabilities.

Iran, in response to the attacks, has activated its air defences, the semiofficial Tasnim news agency reported.

“Starting from midnight, we saw another wave of these strikes begin, and an hour ago, we heard the sound of massive blasts from the eastern part of the capital and could even feel the shockwaves where we are,” said Al Jazeera’s Tohid Asadi, reporting from Tehran.

“It is not yet clear what the targets are. There have also been attacks on the Kurdish cities of Sanandaj, Saqqez and Bukan overnight. We know that, all in all, more than 150 cities in Iran have been attacked since Saturday.”

Asadi said “a considerable portion” of Tehran’s population has decided to evacuate Tehran amid the ongoing US and Israeli strikes, mainly those who have homes outside the Iranian capital.

Fact or fiction? Take on our World Book Day sport quiz

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‘We always knew he had elite potential’

BBC Sport charts the rise of exciting young forward Mateus Mane – from his childhood in Portugal, to moving to Manchester and now making waves with Wolves

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Why are celebrities buying stakes in football clubs?

Daniel Austin

BBC Sport senior journalist
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When KSI announced he had purchased a 20% stake in Dagenham & Redbridge earlier this week, he became the latest in an increasingly long line of celebrities taking a financial interest in lower-league football clubs.

Last month American rapper and Swansea City shareholder Snoop Dogg was well-received by fans at their Championship match against Preston while former NFL quarterback Tom Brady is part-owner of Birmingham City and Wrexham’s attention-grabbing rise up the divisions under actor-owners Ryan Reynolds and Rob McElhenney could lead to promotion to the Premier League at the end of the season.

Now KSI, a YouTuber, streamer and musician who has gone from uploading video game streams in his childhood bedroom to running a business empire including a drinks brand, production company and boxing promotion firm, is dreaming of taking the Daggers to the top flight too.

“The idea of it just excites me so much,” the 32-year-old said when announcing the move in a video which has earned tens of millions of views online.

“I want the place to be pumping. I want it to be an event when people come here. I want do the unthinkable and get to the Premier League.

“Everyone here is hard-working and I want to be the man who affects things on the pitch as well as off the pitch.”

A celebrity has now purchased shares in English clubs at a rate of one per year since 2020, excluding 2021.

What is in it for the clubs?

“The game is evolving and so are we,” wrote Daggers chairman Anwar Uddin on social media after the news was announced.

“Looking forward to writing the next chapter of our history together.”

For clubs like Dagenham, playing in the National League South after reaching as high as League One in the 2010-11 season, the appeal of celebrity investment is the powerful combination of enormous wealth and popularity.

“The celebrities have the ability to move things into a totally new space, particularly in terms of making things go viral online,” explains Dan Plumley, principal lecturer in sport finance at Sheffield Hallam University.

“In our age of digital content, influencers’ platforms are where kids are nowadays and they’re following individuals as much as teams and brands.

“There will be people interested in the celebrity, particularly the younger generation, who will begin taking an interest in a club they might have never even heard of before.

“For the club it’s about how they leverage that, including maybe doing some things for publicity that might not always be popular with everyone.”

Trends in football ownership often move in cycles, as has been the case with influxes of investment from sovereign states and American holding companies. And now it’s celebrities coming in a quick flurry.

For clubs looking for investment now, the potential advantage of becoming an early adopter of the celebrity model is not being left behind.

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What do celebrity investors stand to gain?

The potential for financial success on the celebrity investors’ part is far less certain and the investment is often treated more like a hobby.

“History tells us most investors in football clubs don’t tend to make money and some English clubs are carrying huge losses,” Plumley says.

“It’s more of a passion project thing for a lot of the celebrity investors, who have already made their money in their careers, with potential big returns only if their grand plans for the club come off.

“The global appeal of football still holds for investors, even in the lower leagues, and English football is uniquely placed because of the amount of clubs there are.

“The financial gap is huge between the leagues so it’s a massive job to rise up from where Dagenham are – and then to keep going beyond that towards the Premier League would cost hundreds of millions of pounds.

Actor Will Ferrell and musician Drake pose together on a red carpetGetty Images

What do fans think of celebrity investors?

While the positive transformation of some clubs’ fortunes – particularly Wrexham – and the beneficial impact on the wider community has earned praise for some celebrity investors, in some instances fans have criticised rises through the divisions earned thanks to heavily increased budgets provided by celebrity benefactors as artificial and unearned.

“It’s exciting for people and sounds very positive,” says Russell Elmes, chair of Dagenham & Redbridge Supporters Club.

“There is always a bit of wondering what’s going to happen because our last few different ownerships haven’t quite worked out as we all hoped, so hopefully better and brighter things are ahead for us in the future this time around.

“We want someone here for the long term who is going to make the club sustainable because it is going to take a long time to get back to where there fans want us to be.

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Meet GB’s first female Paralympic snowboarder

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Katie FalkinghamBBC Sport senior journalist and Sally HurstBBC Sport reporter

When Nina Sparks was diagnosed with multiple sclerosis in 2021, she decided very quickly it was going to be the making of her.

“Diagnosed in March, classified to compete internationally in November,” she tells BBC Sport.

“It was a very quick upwards trajectory to being an athlete.”

Now, history beckons. At this month’s Winter Paralympics, Sparks will become Great Britain’s first female Paralympic snowboarder.

“It’s taken me a while to adjust to the fact that it’s quite a big thing,” she says.

That love for the mountains blossomed the moment she first saw them. Adopted as a 10-month-old, her parents first took her skiing when she was five or six. She later switched to snowboarding at 13.

It is, to her, “the closest thing you can get to flying”.

But the sport was always just a hobby, a once-a-year trip. When Covid hit in 2020, she was working as a full-time peripatetic music teacher, and as learning moved online, she realised she was no longer tied to the UK.

And so she moved her life to the mountains, teaching piano, trumpet and saxophone her “side hustle”. But it was while she was living in Austria that she first noticed signs that something wasn’t right.

“I woke up and had a numb right foot. That spread up my right leg and then my left leg, and from about mid-November [2020] I got to the point where I couldn’t feel temperature very well.

“Going through diagnosis was really tough, and certainly for me – I was in Austria by myself.

“I just thought ‘let’s make something of this’. I always knew about the Paralympics, and I knew about Kadeena Cox, a very famous British Paralympian with MS.

Heading into the Milan-Cortina Paralympics, which start on Friday, Sparks is a four-time World Cup and two-time World Championship medallist across the LL2 snowboarding events, for athletes with a lower limb impairment with less activity limitation than their LL1 counterparts.

Because of her MS, a condition that affects the brain and spinal cord, she uses an orthotic to walk and competes with an ankle foot orthosis in her boot.

“The biggest thing for me is that I now need to nap, every day, without fail,” she says.

“We come in from the mountain and I’m straight to bed.

“Some days, I may be able to do five runs, some days I may be able to do 25 runs, maybe the next day I need an extra day off because I’m super tired. Quality over quantity, is what one of my coaches says a lot.”

Sparks is joined by fellow snowboarders James Barnes-Miller, Ollie Hill, Matt Hamilton and Davy Zyw in the 25-strong ParalympicsGB squad.

On 14 March, she will compete in the women’s LL2 banked slalom, a technical discipline raced against the clock on a course of tight turns.

“In our sport, a big thing is just showing up. We often have really small numbers in our competitions, just because worldwide there aren’t many women with disabilities involved in Para-snowboarding,” Sparks says.

“Certainly I’m not going to be the only woman making history for their nation at these Games. So showing up and giving it a go is half the battle.

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