China’s annual Two Sessions hold added significance this year as they mark the first year of the country’s 15th Five-Year Plan (2026–2030), a key stage for development through the rest of the decade. The fourth session of the 14th National People’s Congress opened in Beijing on Thursday, a day after the Chinese People’s Political Consultative Conference began its meeting. In the government work report, Premier Li Qiang set a 2026 economic growth target of 4.5 to 5 percent and expressed confidence in China’s long-term prospects despite global challenges.
China’s economy grew 5 percent in 2025, surpassing 140 trillion yuan in total output and meeting the main goals of the 14th Five-Year Plan. Over the past five years, GDP expanded at an average rate of 5.4 percent, while research and development spending rose by about 10 percent annually, supporting advances in fields such as artificial intelligence, biomedicine and robotics.
As the world’s second-largest economy, China contributed about 30 percent of global growth in 2025 and remains a major trading partner for more than 150 countries and regions. The new plan aims to sustain growth, promote innovation and improve living standards, while expanding market access and supporting global cooperation through initiatives such as the Belt and Road.
Credit : CGTN
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