China

Zhōngguó

中国

to release / to publish

fābù

发布

the year 2026

èrlíngerèliù nián

2026年

economic

jīngjì

经济

work / working

gōngzuò

工作

framework

kuàngjià

框架

，

to set / to establish

shèdìng

设定

gross domestic product

GDP

GDP

growth

zēngzhǎng

增长

target / goal

mùbiāo

目标

and also

bìng

并

to increase / to step up

jiādà

加大

infrastructure

jīchǔ shèshī

基础设施

investment

tóuzī

投资

。

New Words

News in English

China Sets 4.5 to 5 Percent Growth Target and Record Infrastructure Push for 2026

China released its 2026 economic policy framework targeting GDP growth of 4.5 to 5 percent, with record government bond issuance and infrastructure spending exceeding 7 trillion yuan planned for the year.

China's government recently announced 2026 economic work framework, setting GDP growth target at 4.5 percent to 5 percent, maintaining 4 percent fiscal deficit ratio's historical high level. This year, fiscal expenditure, newly issued government bonds issuance scale, and central government transfer payments to local government will all create historical records. Total investment in infrastructure, public services, and strategic industry sectors is projected to exceed 7 trillion yuan, approximately equivalent to 1 trillion dollars. In science and technology strategy, government will comprehensively advance the AI Plus initiative, projecting artificial intelligence related industry scale will break through 10 trillion yuan by 2030. Expanding domestic demand remains this year's core task, with government making great efforts to build a strong domestic consumption market to resist external impact. Monetary policy will maintain flexibility, and when necessary further lower reserve requirement ratio and benchmark interest rate. Analysts point out that the above policy combination aims to respond to American tariff pressure and global economic slowdown's multiple downward risks.

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