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
China's latest departure tax refund measures will allow overseas visitors to obtain instant refunds across more regions and give them up to 28 days to leave the country, making multi-city trips easier and encouraging longer stays and greater spending.
Uruguay will grant visa-free entry to Chinese citizens.
