China Sets 4.5%–5% Growth Target for 2026

As economic pressures mount at home and global uncertainty persists, China has set a slightly lower growth target of 4.5% to 5% for 2026.

The target was announced on 5th March by Premier Li Qiang. He presented the government’s annual work report at the opening session of the National People’s Congress. The report stated the goal would be pursued “while striving for better in practice.”

This marks a marginal reduction from the previous three years, when China aimed for around 5% annual growth. The economy expanded by 5% in 2025. In addition, by setting a range rather than a fixed number, the government has created greater flexibility. This allows policymakers to fine-tune policies in response to domestic and global conditions.

The move comes as the country continues to grapple with a prolonged property sector slowdown, along with external trade and geopolitical uncertainties. Authorities said the lower target allows room for structural adjustments. It also enables risk control and reforms at the start of a new five-year policy cycle.

The nearly 3,000-member National People’s Congress is also expected to endorse a fresh five-year plan outlining priorities through 2030. According to the report, the focus will be on strengthening the domestic economy and advancing reforms. There will also be support for President Xi Jinping’s broader ambition to position China as a global technology leader.

Officials said the calibrated growth goal is aimed at laying a stable foundation for stronger and more sustainable economic performance in the years ahead.

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