China targets 4.5-5% GDP growth in 2026
Business
China just set its sights on a 4.5% to 5% GDP growth rate for 2026, announced by Premier Li Qiang at the big Two Sessions meeting.
The source does not state how often China has used a range before, and it lines up with its long-term plans through 2030.
Focus on quality over speed
Instead of chasing super-fast growth, China's shifting gears to focus on quality: think sustainability, efficiency, and steady progress despite trade tensions and global challenges.
The plan includes measures to boost urban employment, aiming to keep unemployment under control, capping inflation around 2%, and cutting carbon emissions per unit of GDP by nearly 4%.
For anyone watching the world economy or climate action, these moves show how China wants to balance ambition with stability.