Highlights of 2026 Government Work Report

The 吴忠楼市新闻网首页最新opening meeting of the fourth session of the 14th National People's Congress is held at the Great Hall of the People in Beijing, March 5, 2026. [Photo/Xinhua]

BEIJING -- The Chinese economy has proved remarkably resilient over the past year, according to a government work report submitted Thursday to the country's top legislature for deliberation.

Here are some highlights from the report. Main targets for 2026:

- China sets 2026 economic growth target at 4.5 percent to 5 percent

- China aims to create over 12 million new urban jobs in 2026

- China sets CPI growth target of around 2 percent for 2026

- China sets deficit-to-GDP ratio at around 4 percent for 2026

- Personal income growth in step with economic growth

- A basic equilibrium in the balance of payments

- Grain output of around 700 million metric tons

- A reduction of around 3.8 percent in carbon dioxide emissions per unit of GDP

Chinese Premier Li Qiang delivers a government work report at the opening meeting of the fourth session of the 14th National People's Congress at the Great Hall of the People in Beijing, March 5, 2026. [Photo/Xinhua]

China to boost elderly care and silver economy amid aging population

China plans to expand the supply of elderly care services, develop human resources among seniors, and vigorously cultivate the silver economy this year as part of efforts to tackle an aging society, according to a government work report submitted Thursday to the country's top legislature for deliberation.

China to accelerate push for science and technology self-reliance in 2026

China will accelerate efforts to achieve greater self-reliance and strength in science and technology in 2026, according to a government work report submitted Thursday to the country's top legislature for deliberation.

The opening meeting of the fourth session of the 14th National People's Congress is held at the Great Hall of the People in Beijing, March 5, 2026. [Photo/Xinhua]

China working on measures to boost consumer spending

China will scale up efforts to boost consumer spending this year by pairing measures to stimulate household spending power with pro-consumption policies, according to a government work report submitted Thursday to the country's top legislature for deliberation.

China to further reform foreign investment framework

China will expand two-way investment cooperation by deepening reform of the institutional framework for promoting foreign investment and ensuring national treatment for foreign-funded enterprises, according to a government work report submitted Thursday to the country's top legislature for deliberation.

China to open wider to outside world

China will open wider to the outside world, according to a government work report submitted Thursday to the country's top legislature for deliberation. Efforts will be made to expand market access and open up more areas, particularly in the service sector, the report said.

China to accelerate green transition, cut carbon emissions

China will accelerate the green transition across the board and cut carbon dioxide emissions per unit of GDP by a total of 17 percent in the 2026-2030 period, according to a government work report submitted Thursday to the country's top legislature for deliberation.

The opening meeting of the fourth session of the 14th National People's Congress is held at the Great Hall of the People in Beijing, March 5, 2026. [Photo/Xinhua]

Chinese mainland reaffirms commitment to one-China principle and cross-Strait peace in government work report

The Chinese mainland will remain committed to the one-China principle and the 1992 Consensus, resolutely fighting against separatist forces aimed at "Taiwan independence" and opposing external interference, according to a government work report submitted Thursday to the country's top legislature for deliberation.

China to resolutely oppose hegemonism, power politics

China will resolutely oppose hegemonism and power politics, and uphold international fairness and justice, according to a government work report submitted Thursday to the country's top legislature for deliberation. China will stay committed to an independent foreign policy of peace and to peaceful development, and will expand its global network of partnerships.

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