The opening meeting of the fourth session of the 14th National People's Congress is held at the Great Hall of the People in Beijing, March 5, 2026. [Photo by Wang Jing/chinadaily.com.cn]
BEIJING -- The Chinese economy has proved remarkably resilient over the past year, according to a government work report submitted on March 5 to the country's top legislature for deliberation.
Here are some highlights from the report. Main targets for 2026:
- China sets 2026 economic growth target at 4.5 percent to 5 percent
- China aims to create over 12 million new urban jobs in 2026
- China sets CPI growth target of around 2 percent for 2026
- China sets deficit-to-GDP ratio at around 4 percent for 2026
- Personal income growth in step with economic growth
- A basic equilibrium in the balance of payments
- Grain output of around 700 million metric tons
- A reduction of around 3.8 percent in carbon dioxide emissions per unit of GDP