China set to release new five-year plan at National People’s Congress

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China is set to release its 15th Five-Year Plan (2026-2030) at the National People's Congress (NPC), which began on March 4, 2026, in Beijing. The NPC, China's highest government body, will address economic challenges, including the fallout from the US trade war and stalled consumer confidence. Premier Li Qiang will present the Government Work Report, outlining the past year's economic performance and future growth targets. China is expected to set a GDP growth target of 4.5 to 5 percent for 2026. The NPC runs alongside the Chinese People’s Political Consultative Conference (CPPCC), together known as the “Two Sessions”.
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