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China Premier Li Qiang's Speech at Opening of National People's Congress
China targets 4.5–5% GDP growth with proactive fiscal policies, technological self-reliance, and a projected 30 trillion yuan budget, aiming for green development and market expansion.
- At the Great Hall of the People in Beijing, on March 5, 2026, the report said the 14th National People’s Congress set a 4.5%–5% growth target for 2026.
- The government will implement a more proactive fiscal policy and an appropriately accommodative monetary policy in 2026, cutting required reserve ratios and interest rates with budget expenditure reaching 30 trillion yuan.
- Main targets for development this year include a surveyed urban unemployment rate around 5.5%, over 12 million new urban jobs, a CPI increase at around 2%, and a deficit-to-GDP ratio around 4%.
- The report pledges to expand opening-up trials this year in value-added telecom services, biotechnology, and wholly foreign-owned hospitals and to engage in WTO reform to open wider globally.
- High-Level technological self-reliance will drive innovation in core fields, while the government will set up a national fund for low-carbon transition to foster hydrogen power and green fuels, building on a 21.7% non-fossil energy share in 2025.
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Global Times: China's national legislature opens annual session with 15th Five-Year Plan draft outlined; expert says long-term planning brings stability and highlights institutional strengths
BEIJING, March 5, 2026 /PRNewswire/ -- The 14th National People's Congress (NPC), China's top legislature, opened its fourth session on Thursday morning at the Great Hall of the People in Beijing, the Xinhua News Agency reported.
The Chinese "Two Annual Sessions" bring together each spring the People's National Assembly – the Chinese Parliament – and the Chinese People's Political Consultative Conference. Over a week, thousands of delegates from across the country discuss the country's broad economic, social and strategic directions. This is the most important political event of the year. It is also an opportunity for the government to unveil its main objectives for the …
·Paris, France
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Coverage Details
Total News Sources54
Leaning Left9Leaning Right5Center18Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 28%
C 56%
R 16%
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