Beijing: China has announced its economic growth target for 2026, aiming for a range between 4.5 percent and 5 percent. This target was outlined in a government work report submitted to the country's top legislature for deliberation. The report emphasizes the country's commitment to achieving more robust growth outcomes.
According to Emirates News Agency, the development objectives for the year also include maintaining the urban unemployment rate at approximately 5.5 percent while creating over 12 million new jobs in urban areas. Additionally, the government plans to keep the consumer price index increase at around 2 percent, ensure personal income growth aligns with economic growth, and maintain a basic equilibrium in the balance of payments.
The report further aims for a grain output of about 700 million tonnes. In terms of environmental goals, the report sets a target to reduce carbon dioxide emissions per unit of gross domestic product by approximately 3.8 percent.