Main Targets for Development in 2026

-GDP growth of 4.5-5 percent, while striving for better in practice

-Surveyed urban unemployment rate of around 5.5 percent

-Over 12 million new urban jobs

-CPI increase of around 2 percent

-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

Efforts to meet the targets:

-Implement a more proactive fiscal policy

-Apply an appropriately accommodative monetary policy

-Improve coordination between reform measures and macro policies

Major Tasks for 2026

1. Building a robust domestic market

-Continue to advance special initiatives to boost

consumption

-Fully tap and unleash the potential of effective

investment

2. Fostering new growth drivers at a faster pace

-Upgrade traditional industries

-Nurture emerging industries and industries of the future

-Enhance the capacity and quality of the

service sector

lCreate new forms of smart economy

3. Moving faster to achieve greater self-reliance and strength in science and technology

-Drive advances in original innovation and breakthroughs in core technologies in key fields

-Pursue full integration between technological and industrial innovation

-Promote integrated development of education, science and technology, and talent

4. Continuing to deepen reform in key areas

-Intensify efforts to build a unified national market

-Reform the fiscal, tax and financial systems

-Energize all market entities

5. Expanding high-standard opening up

-Open wider to the outside world

-Keep the volume of foreign trade stable and refine its mix

-Expand two-way investment cooperation

-Pursue high-quality Belt and Road cooperation

6. Advancing all-around rural revitalization

-Keep a firm focus on grain production

-Provide regular, targeted assistance

-Continue to advance rural reform and development

7. Advancing new urbanization and coordinated regional development

-Continue to promote people-centered new

urbanization

-Ensure more coordinated regional development

8. Taking stronger measures to ensure and improve the people's wellbeing

-Promote high-quality full employment

-Enhance education equity and quality

-Strengthen basic medical and health services

-Improve social security and social services

-Better satisfy the intellectual and cultural needs of the people

9. Accelerating the green transition across the board

-Step up comprehensive efforts to improve the

environment

-Boost the green and low-carbon economy

-Actively yet prudently work toward peaking carbon emissions and achieving carbon neutrality

10. Strengthening risk prevention and mitigation and enhancing security capacity in key areas

-Work to stabilize the real estate market

-Take active and well-ordered measures to defuse local government debt risks

-Take active and prudent steps to defuse financial risks

-Safeguard national security and social stability

The NPC and the CPPCC

The National People's Congress (NPC) is the highest state organ of power and the top legislature. That means it wields the power to elect national leaders, as well as approve government budgets and national development plans.

The Chinese People's Political Consultative Conference (CPPCC) serves as an important institution of the Communist Party of China-led multiparty cooperation and political consultation system. It is a specialist consultative body in China's whole-process people's democracy. The CPPCC National Committee is the top political advisory body. Its members advise the NPC Standing Committee and other bodies on major national policies and key issues spanning economic, political, cultural, social and ecological development.

Both bodies hold a plenary session each year. The current 14th NPC has nearly 3,000 deputies, while the 14th CPPCC National Committee has over 2,000 members. They all serve five-year terms.