China Sets 4.5–5% Economic Growth Target For 2026

China has set its economic growth target at 4.5 percent to 5 percent for 2026, slightly lower than previous years as the country grapples with a prolonged property sector slump, domestic economic challenges and global uncertainty.

The target was announced on Thursday in the government’s annual work report presented by Premier Li Qiang at the opening session of the National People's Congress, China’s national legislature.

Slightly Lower Target Amid Economic Headwinds

The growth range marks a modest reduction from the around 5 percent target set in each of the past three years. China’s economy expanded 5 percent in 2025, meeting the government’s earlier goal.

Setting a range of 4.5–5 percent provides policymakers with greater flexibility to adjust economic policies during the year as the country navigates domestic pressures and external risks.

NPC to Outline Policy Priorities for Next Five Years

The annual meeting of the roughly 3,000-member National People’s Congress, widely viewed as a rubber-stamp legislature, will also approve a new five-year plan outlining policy priorities through 2030.

According to the report, the targets were set with the aim of allowing room for structural adjustments, risk management and reforms during the opening year of the new planning cycle.

The government reiterated its commitment to strengthening China’s domestic economy while advancing the ambitions of President Xi Jinping to position the country as a global leader in advanced technology.

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