Government Work Report: China's Economic Growth Target for 2026 is 4.5%—5% in a Range Format for the Third Time(with Video)

WealthCoffee · 2026-03-07T15:14:04+00:00

The government work report sets the GDP growth target for 2026 at 4.5%-5%. At the same time, it proposes expected goals such as an urban unemployment rate of around 5.5%, 12 million new jobs, a CPI increase of about 2%, and residents' income growing in tandem with economic growth.

WealthCoffee

2026-03-07 15:14:04

Abstract generation in progress

Caixin Government Work Report Sets 2026 GDP Growth Target at 4.5%–5%, Using a Range for the Third Time

On March 5th, Premier Li Qiang delivered the government work report, stating that the main development target for 2026 is: economic growth of 4.5%–5%, with efforts to achieve better results in practice; urban surveyed unemployment rate around 5.5%; over 12 million new urban jobs; consumer price index increase of about 2%; residents’ income growth synchronized with economic growth; basic balance of international payments; grain output around 1.4 trillion jin; and CO2 emissions per unit of GDP reduced by approximately 3.8%.

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