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A view of the Lujiazui area in Shanghai Photo: VCG

China targets an economic growth of 4.5 percent to 5 percent this year and will strive for better in practice, according to a Government Work Report submitted Thursday to the country's top legislature for deliberation.

Analysts said that the target range reflects a more prudent assessment of global uncertainties, and allows greater policy flexibility to focus on the high quality development while still signaling policymakers’ commitment to maintaining stable growth in the world's second-largest economy amid rising global risks and turmoil.

The annual growth target was unveiled in the Government Work Report delivered by Premier Li Qiang to the National People's Congress (NPC) for deliberation, as the national legislature opened its annual session on Thursday morning.

Over the next five years, China expects to keep its GDP growth within an appropriate range, with annual growth rates to be determined in light of actual conditions, according to the report.

This will lay a solid foundation for achieving the goal of doubling China's 2020 per capita GDP by 2035 to reach the level of a moderately developed country, the report said.

In addition to the GDP growth target, the Government Work Report also revealed a slew of other development targets, which include a surveyed urban unemployment rate of around 5.5 percent; over 12 million new urban jobs; an increase in consumer price index of around 2 percent; growth in personal income in step with economic growth; a basic equilibrium in the balance of payments; grain output of around 700 million tonnes; and a drop of around 3.8 percent in carbon dioxide emissions per unit of gross domestic product.

The deficit-to-GDP ratio, another closely watched figure, is set at around 4 percent for 2026, with the total government deficit at 5.89 trillion yuan, 230 billion yuan more than last year.

As 2026 marks the inaugural year of China's 15th Five-Year Plan period (2026-30), this year's "two sessions" served not only as an important window into China's macroeconomic policies, but also as a foundation for the country's development blueprint for the next five years, analysts said. 

NPC deputy Yu Miaojie, president of Liaoning University, told the Global Times on Thursday that to ensure the Chinese economy gets off to a good start in the inaugural year of the 15th Five-Year Plan period, it is of paramount importance to pinpoint new growth engines and maintain stable and sustained economic growth.

A growth target of 4.5 percent to 5 percent allows greater policy flexibility, enabling localities to focus on high-quality economic growth as their primary goal and, more importantly, place greater focus on people's livelihoods, Yu said. “Maintaining an annual economic growth rate within this range reflects the ‘stability’ of China's economy.

Amid escalating geopolitical conflicts and growing global turmoil, China's economy has maintained stable and sustained growth, driven by the country's economic resilience and social stability, Yu said, noting the steady track record of economic growth in the past several years.

Denis Depoux, global managing director of strategy consulting firm Roland Berger, told the Global Times on Thursday that it is crucial to understand that this “growth consensus” is not a sign of weakness. 

“In the context of rising global uncertainty, the growth target creates fiscal and political buffers for China to drive the reform and address the real problems without the pressure of chasing high growth at all costs. It allows for a significant reallocation of capital away from inefficient investments and toward the real needs of the economy, namely technology and people,” Depoux said, adding that engaging with the “China Speed” and its dynamic ecosystem is an opportunity for multinationals to capitalize on a strategic advantage.

根據(jù)周四提交給國(guó)家最高立法機(jī)關(guān)審議的政府工作報(bào)告，中國(guó)將今年的經(jīng)濟(jì)增長(zhǎng)目標(biāo)設(shè)定在4.5%至5%之間，并將在實(shí)際工作中力爭(zhēng)取得更好結(jié)果。

專(zhuān)家指出，這一目標(biāo)區(qū)間反映了對(duì)全球不確定性更審慎的評(píng)估，并賦予了更大的政策靈活性，以便集中精力推動(dòng)高質(zhì)量發(fā)展，同時(shí)向外界釋放決策層致力于在日益增加的全球風(fēng)險(xiǎn)和動(dòng)蕩中，維持世界第二大經(jīng)濟(jì)體平穩(wěn)增長(zhǎng)的堅(jiān)定信號(hào)。

周四上午，全國(guó)人民代表大會(huì)年度會(huì)議開(kāi)幕，國(guó)務(wù)院總理李強(qiáng)向大會(huì)作政府工作報(bào)告，公布了這一年度增長(zhǎng)目標(biāo)。

報(bào)告顯示，在未來(lái)五年內(nèi)，中國(guó)預(yù)計(jì)將GDP增長(zhǎng)保持在合理區(qū)間，年度增長(zhǎng)率將根據(jù)實(shí)際情況確定。

報(bào)告指出，這將為實(shí)現(xiàn)到2035年人均國(guó)內(nèi)生產(chǎn)總值（GDP）比2020年翻一番、達(dá)到中等發(fā)達(dá)國(guó)家水平的目標(biāo)奠定堅(jiān)實(shí)基礎(chǔ)。

除了GDP增長(zhǎng)目標(biāo)外，政府工作報(bào)告還披露了一系列其他發(fā)展目標(biāo)，包括：城鎮(zhèn)調(diào)查失業(yè)率5.5%左右；城鎮(zhèn)新增就業(yè)1200萬(wàn)人以上；居民消費(fèi)價(jià)格指數(shù)（CPI）漲幅2%左右；居民收入增長(zhǎng)與經(jīng)濟(jì)增長(zhǎng)基本同步；國(guó)際收支保持基本平衡；糧食產(chǎn)量7億噸左右；單位國(guó)內(nèi)生產(chǎn)總值二氧化碳排放降低3.8%左右。

另一個(gè)備受關(guān)注的數(shù)據(jù)——赤字率，在2026年設(shè)定為4%左右，政府赤字總額為5.89萬(wàn)億元人民幣，比去年增加2300億元。

分析人士表示，由于2026年是中國(guó)“十五五”規(guī)劃（2026-2030年）的開(kāi)局之年，今年的兩會(huì)不僅是觀(guān)察中國(guó)宏觀(guān)經(jīng)濟(jì)政策的重要窗口，也為國(guó)家未來(lái)五年的發(fā)展藍(lán)圖奠定了基礎(chǔ)。

全國(guó)人大代表、遼寧大學(xué)校長(zhǎng)余淼杰周四接受《環(huán)球時(shí)報(bào)》采訪(fǎng)時(shí)表示，為確保中國(guó)經(jīng)濟(jì)在“十五五”規(guī)劃開(kāi)局之年實(shí)現(xiàn)良好開(kāi)局，尋找新增長(zhǎng)引擎并保持穩(wěn)定且持續(xù)的經(jīng)濟(jì)增長(zhǎng)至關(guān)重要。

余淼杰指出，4.5%至5%的增長(zhǎng)目標(biāo)賦予了更大的政策靈活性，使各地能夠?qū)⒏哔|(zhì)量經(jīng)濟(jì)增長(zhǎng)作為首要目標(biāo)，更重要的是，能將更多重心放在民生上。他表示：“將年度經(jīng)濟(jì)增長(zhǎng)率維持在這一區(qū)間，反映了中國(guó)經(jīng)濟(jì)的‘穩(wěn)’?！?/strong>