2026 Government Work Report Released: Economic Growth Target Set at 4.5%–5%, Emphasizing High-Quality Development

[Policy Announcement] The full text of the 2026 Government Work Report has been officially released, outlining the year's socioeconomic development targets.

Key Data: 2026 Economic Growth Target Set at 4.5%–5%

The economic growth target is set at 4.5%–5%, striving for an even better outcome; over 12 million new urban jobs will be created; the urban surveyed unemployment rate will be kept around 5.5%; the increase in consumer prices is projected at approximately 2%; the grain output target is set at roughly 700 million metric tons; and carbon dioxide emissions per unit of GDP are to be reduced by about 3.8%.

Strategic Foundation: Emphasizing Steady Progress in the Opening Year of the 15th Five-Year Plan

The report stresses that growth in residents’ income should keep pace with economic growth, maintains basic balance in international payments, and systematically lays out major tasks for the 15th Five-Year Plan period, highlighting the overarching theme of high-quality development.