Beijing: A work report by the Chinese government, submitted to the National People's Congress (NPC) for consideration on Thursday, reveals that China has set an ambitious target for economic growth of 4.5-5 percent by 2026, with aspirations to achieve even better outcomes in practice.
According to Thai News Agency, the report outlines key development goals for the current year, which include maintaining a surveyed urban unemployment rate of approximately 5.5 percent and the creation of over 12 million new urban jobs. Additionally, the government aims for a consumer price index increase of around 2 percent, personal income growth to align with economic growth, and a balance of payments at a fundamental level. The report also highlights a goal of high grain production, targeting around 700 million tons, and a reduction in carbon dioxide emissions per unit of GDP by roughly 3.8 percent.
Furthermore, China has plans to boost imports as a strategy to promote balanced trade by 2026. The draft of the 15th Five-Year National Economic and Social Development Plan (2026-2030), also submitted to the NPC, emphasizes strengthening coordination between imports and exports. The plan prioritizes equal treatment of goods and services trade and coordinates efforts to attract both foreign and overseas investment, intending to create new strengths in international trade and foster two-way investment cooperation.