Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People's Republic of China – State Council News
BEIJING, March 5 (Xinhua) — China's economic growth target for 2026 is "active and pragmatic" as it reflects a comprehensive assessment of the current domestic economic situation and changes in the external environment, Shen Danyang, head of the government work report writing team, said Thursday.
The report was submitted for consideration to the 4th session of the 14th National People's Congress (NPC), which opened this morning.
The goal of maintaining economic growth at a level of 4.5 percent to 5 percent, while striving to achieve even better results through practical work, is also intended to ensure a balance between necessity and opportunity.
Shen Danyang noted that the goal was set with full consideration given to the need to leave room for structural adjustment, risk prevention, and reform promotion, as well as alignment with the country's long-term goals for the period up to 2035.
This target range allows for flexible responses to more challenging external conditions and gives local authorities the opportunity to define their own economic growth target, ensuring that efforts across the country are focused on high-quality economic development.
The target is also in line with China's economic growth potential, Shen Danyang said, noting that many economic institutions, economists and think tanks at home and abroad have conducted their own assessments and concluded that the results are generally in line with the government's expectations.
The projected economic growth rate will be practically the highest among the world's largest economies, he emphasized.
Factors such as China's strong economic resilience, accelerated growth of new productive forces, more proactive macroeconomic policies, and deeper reforms in key areas will inevitably help unlock further potential for economic growth, Shen Danyang stated.
“By making full and effective use of all favorable conditions, even better results will certainly be achieved, including a real improvement in quality and a reasonable increase in quantity,” said Shen Danyang. -0-
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.