China has set a GDP growth target of 4.5-5 percent for 2026, a range economists say signals a more flexible policy stance that can stabilize market expectations while giving policymakers greater room to fine-tune macro measures to sustain stable growth and advance higher-quality development. Compared with the government work reports from 2023 to 2025, the…
BEIJING — The gross domestic product growth target set by the draft outline of China’s 15th Five-Year Plan (2026-30) has fully reflected a distinct orientation toward high-quality development by embedding quantitative requirements within a qualitative framework, an official said Saturday. Zheng Bei, deputy head of the National Development and Reform Commission, made the remarks at…
A news conference on China’s economic policies gets underway on Friday in Beijing during the fourth session of the 14th National People’s Congress, China’s top legislature. Wang Xi/Xinhua China is stepping up policies to boost domestic demand and consumption this year to ensure it achieves its 2026 growth target and starts the 15th Five-Year Plan…
China’s aim for a GDP growth rate of at least 4.5 to 5 percent in 2026 balances the need to maintain solid expansion with a continued shift toward higher-quality development, experts said. On Thursday, Premier Li Qiang delivered the Government Work Report at the opening of the fourth session of the 14th National People’s Congress,…
BEIJING – China’s manufacturing and service sectors are expected to create over 10 million jobs each year from 2026 to 2030, Zheng Shanjie, head of the National Development and Reform Commission, said Friday. The two sectors combined are poised to grow by over 40 trillion yuan ($5.8 trillion) in value during the 15th Five-Year Plan…
BEIJING – China will establish a national-level mergers and acquisitions (M&A) fund this year to further smoothen exit channels for venture capital investment and improve capital turnover efficiency, head of the country’s top economic planner said Friday. The fund is expected to guide and leverage more than 1 trillion yuan ($145 billion) of investment from…
Continued efforts will be made to further improve the quality of the Chinese capital market and expand its size during the 15th Five-Year Plan (2026-30) period, Wu Qing, chairman of the China Securities Regulatory Commission, said during a news conference on Friday. The market mechanism and ecosystem facilitating long-term investment and the inflow of long-term…
BEIJING – China will deepen and refine the regulatory measures on high-frequency quantitative trading, focusing on the principle of fairness, Wu Qing, chairman of the China Securities Regulatory Commission, said on Friday. Wu made the remarks at a press conference on the sidelines of the fourth session of the 14th National People’s Congress, the national…
China will take the initiative to share the opportunities presented by its vast domestic market with the rest of the world through such initiatives as “Shopping in China”, “Export to China”, and “Invest in China”, Commerce Minister Wang Wentao said on Friday. For the “Shopping in China” campaign, the country will optimize the instant tax…
China will allocate 100 billion yuan ($15.4 billion) this year under a package of coordinated fiscal-financial policies to facilitate domestic demand expansion, Minister of Finance Lan Fo’an said on Friday in Beijing. Under the package, four targeted measures are designed for supporting private investment, while two are for boosting household consumption, Lan said, adding that…