Last mentioned: Mar 6, 2026
NPC Opening
Premier Li Qiang announces the 4.5% to 5% growth range for the fiscal year.
Target Met
China achieves 5% growth despite property downturn and US tariff war.
Base Year
Reference year for the long-term goal of doubling per capita GDP.
China has established a pragmatic 4.5% to 5% GDP growth target for 2026, signaling a shift toward risk management and structural reform. Premier Li Qiang emphasized the need for flexibility as the nation navigates a persistent property downturn and escalating trade tensions with the United States.
China has lowered its economic growth target to a range of 4.5% to 5.0% for 2026, prioritizing structural reforms and high-tech self-reliance over rapid expansion. The move, unveiled alongside the 15th Five-Year Plan, reflects Beijing's strategic pivot toward a production-focused growth model designed to withstand global competition.