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 · 2026-03-05T15:11:05+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

2026-03-05 15:11:05

Abstract generation in progress

[Caixin] The government work report sets the 2026 GDP growth target at 4.5%–5%, marking the third time it has been expressed as a range.

On March 5th, Premier Li Qiang delivered the government work report, stating that the main development goals for 2026 are: 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 a reduction of approximately 3.8% in CO2 emissions per unit of GDP.

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