Two Sessions: China Targets 5% Growth, 12 Million Jobs in 2026
Premier Li Qiang announced a 5% GDP growth target and the creation of over 12 million new urban jobs for 2026 at China's annual Two Sessions policy meetings. He acknowledged external challenges, including geopolitical risks and weakening global economic momentum, while highlighting domestic issues and opportunities. Li emphasized expanding market access, particularly in services, to boost domestic consumption. The government also plans to increase fiscal spending and support low-income groups through various programs aimed at strengthening "consumption capacity."
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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