China sets 2026 economic growth target at 4.5% to 5%

BEIJING, (UrduPoint / Pakistan Point News / WAM - 05th Mar, 2026) China has set its economic growth target for 2026 at between 4.5 percent and 5 percent and will strive to achieve better results in practice, according to a government work report submitted Thursday to the country’s top legislature for deliberation.

The main development targets for this year also include maintaining the surveyed urban unemployment rate at around 5.

5 percent and creating more than 12 million new jobs in urban areas.

Other targets include keeping the increase in the consumer price index at around 2 percent, ensuring personal income growth in line with economic growth; a basic equilibrium in the balance of payments, and achieving grain output of around 700 million tonnes.

The report also aims for a reduction of around 3.8 percent in carbon dioxide emissions per unit of gross domestic product.