Highlights of 2026 Government Work Report
The opening meeting of the fourth session of the 14th National People's Congress is held at the Great Hall of the People in Beijing, March 5, 2026. [Photo by Wang Jing/chinadaily.com.cn]
BEIJING -- The Chinese economy has proved remarkably resilient over the past year, according to a government work report submitted on March 5 to the country's top legislature for deliberation.
Here are some highlights from the report. Main targets for 2026:
- China sets 2026 economic growth target at 4.5 percent to 5 percent
- China aims to create over 12 million new urban jobs in 2026
- China sets CPI growth target of around 2 percent for 2026
- China sets deficit-to-GDP ratio at around 4 percent for 2026
- Personal income growth in step with economic growth
- A basic equilibrium in the balance of payments
- Grain output of around 700 million metric tons
- A reduction of around 3.8 percent in carbon dioxide emissions per unit of GDP
Why Xiamen
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Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.