Beijing, March 5, 2026: China has set its economic growth target for 2026 at 4.5 to 5 percent, according to a government work report presented on Thursday to the country’s top legislature for deliberation.
The report was submitted to the National People’s Congress, outlining Beijing’s key economic and social development goals for the year. Authorities also indicated that the government would strive to achieve even stronger growth in practical implementation.
Among the major targets for 2026, China aims to maintain a surveyed urban unemployment rate of around 5.5 percent and create more than 12 million new urban jobs. The government has also set a goal of keeping the consumer price index (CPI) increase at around 2 percent.
Other key economic objectives include ensuring that personal income growth remains in line with overall economic expansion, maintaining a basic equilibrium in the balance of payments, and achieving grain production of around 700 million tonnes.
In line with its environmental commitments, the report also targets a reduction of around 3.8 percent in carbon dioxide emissions per unit of gross domestic product (GDP) during the year.
The economic blueprint reflects Beijing’s efforts to balance growth, employment generation, and environmental sustainability as the world’s second-largest economy navigates global economic uncertainties.
Courtesy: Xinhua News Agency
