ChinaZhōngguó中国will / is tojiāng将the year 20262026 nián2026年economic / economyjīngjì经济growthzēngzhǎng增长target / goalmùbiāo目标to set at / to designate asdìng wéi定为4.5 percentbǎifēnzhī sì diǎn wǔ4.5%to / up tozhì至5 percentbǎifēnzhī wǔ5%。
March 5, 2026 at 4:00 PM
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China & WorldChina Sets 2026 GDP Growth Target at 4.5 to 5 Percent Amid Economic Headwinds
China announced at the National People Congress that its 2026 GDP growth target is set at 4.5 to 5 percent, pledging record fiscal spending to address a property market slowdown and rising external trade uncertainty.
The Chinese government submitted a government work report at the National People Congress convened in early March, setting China's 2026 GDP growth target at 4.5 percent to 5 percent. This target is slightly lower than the previous year's target, reflecting the dual pressure faced by the Chinese economy regarding real estate market downturn and trade friction. The report noted that in 2026, fiscal expenditure, new government bonds issuance scale, and central government transfer payments to local governments will all set historical new highs. The government plans total investments in infrastructure, power grids, computing power, education, and healthcare key sectors exceeding 7 trillion yuan. Additionally, the government will allocate 250 billion yuan in ultra-long-term special treasury bonds earmarked for the consumer goods trade-in program subsidy plan. At the technology level, China will advance the AI Plus strategy, with related industry scale expected to exceed 10 trillion yuan by 2030. The report particularly pointed out that there exists prominent imbalance between manufacturing supply and domestic demand, and will designate integrated circuits, low-altitude economy, and intelligent robots as priority nurturing industries. The International Monetary Fund believes China's direction of expanding domestic demand and advancing market-oriented reforms is correct, though structural adjustment still requires time.
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