Highlights of 2026 Government Work Report

The Chinese economy has proved remarkably resilient over the past year, according to a government work report submitted Thursday 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