Takeaways from Chinese Premier Li Qiang’s government work report
Li Qiang, China's Premier, presented his government work report at the annual session of the National People’s Congress. The report outlined key targets for 2026, including a GDP growth range of 4.5-5%, a consumer price index increase of around 2%, and a fiscal budget deficit of 4% of GDP. Li also emphasized support for the private sector, new urban job creation, and increased defense spending. The report aims to maintain annual GDP growth within an appropriate range during the 15th five-year plan period (2026-2030).
6 MAR 2026
— South China Morning Post
Zhang Bin argues that achieving China's 2% inflation target is essential for achieving other economic goals.
9 MAR 2026
— Sixth Tone
China will increase spending on science and technology, infrastructure, and other key sectors by nearly 7.1% in 2026.
12 MAR 2026
— Al Jazeera
The National People's Congress concluded with the approval of China's 15th five-year plan, setting a growth target of 4.5 to 5 percent for the next five years.
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