ECONOMY

Two Sessions: China Sets 2026 GDP Growth Target at 4.5%-5%

Published: Mar. 5, 2026 9:35 a.m. GMT+8

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China has set its target for 2026 GDP growth at 4.5% to 5%, Premier Li Qiang said Thursday.

Li announced the goal — lower than last year’s target of around 5% — while delivering the government work report at the annual session of the country’s top legislature.

The report also outlines other key economic projections for this year, all unchanged from last year:

— Consumer price index growth of around 2%

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China set its 2026 GDP growth target at 4.5% to 5%, lower than last year’s 5%.
Economic projections: CPI growth around 2%, urban unemployment rate around 5.5%, over 12 million new urban jobs, fiscal deficit-to-GDP ratio near 4%.
Local governments’ special-purpose bond quota is 4.4 trillion yuan; ultra-long treasury bond quota is 1.3 trillion yuan.

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