--- source: State Council of China / Xinhua News Agency url: https://english.www.gov.cn/news/202603/13/content_WS69b4b144c6d00ca5f9a09dfd.html alternative_urls: - https://news.cgtn.com/news/2026-03-14/Full-text-Report-on-the-Work-of-the-Government-1LuWAhrtXCU/p.html - https://www.chinadaily.com.cn/a/202603/14/WS69b4b78ea310d6866eb3dc8c.html - https://en.people.cn/n3/2026/0314/c90000-20435965.html document_type: government_report date_retrieved: 2026-03-17 period: March 5, 2026 (delivery) / March 12, 2026 (approval) parent_publication: National People's Congress - Fourth Session of the 14th NPC indicators_covered: [GDP Growth, Unemployment Rate, Employment, CPI, Income, Balance of Payments, Grain Output, CO2 Emissions] --- # Full Text: Report on the Work of the Government (2026) **Delivered by:** Premier Li Qiang **Date of Delivery:** March 5, 2026 **Approved:** March 12, 2026 (Fourth Session of the 14th National People's Congress) **Released:** March 13, 2026 via Xinhua News Agency --- ## Overview The full text of the **Report on the Work of the Government** was released via Xinhua News Agency on March 13, 2026, following approval by the National People's Congress on March 12. The report was delivered by Premier Li Qiang at the fourth session of the 14th National People's Congress of the People's Republic of China on March 5, 2026. --- ## Report Structure The report comprises four main parts: ### Part I: A Review of Our Work in 2025 This section reviews the government's achievements and economic performance during 2025, serving as a foundation for future policy directions. ### Part II: Main Objectives and Major Tasks for the 15th Five-Year Plan Period This section outlines the strategic objectives and major initiatives for the 15th Five-Year Plan (2026-2030), focusing on: - 20 main indicators across economic, public wellbeing, and green development areas - Emphasis on "new quality productive forces" - 28 major projects for innovation and productive forces development - 23 projects for infrastructure modernization - 9 programs for urban-rural integration - 25 initiatives for public wellbeing enhancement ### Part III: Overall Requirements and Policy Orientations for Economic and Social Development in 2026 This section establishes the framework for 2026 economic and social policy, emphasizing high-quality sustainable development and proactive macroeconomic measures to address deflationary pressures. ### Part IV: Major Tasks for 2026 This section details specific government actions and policy measures for 2026. --- ## Main Development Targets for 2026 The report proposes the following primary economic and social development targets for 2026: | Target | Objective | |--------|-----------| | **GDP Growth** | 4.5-5 percent, striving for better results in practice | | **Urban Unemployment Rate** | Around 5.5 percent (surveyed unemployment) | | **New Urban Jobs** | Over 12 million jobs | | **CPI Increase** | Around 2 percent | | **Personal Income Growth** | In step with economic growth | | **Balance of Payments** | Basic equilibrium | | **Grain Output** | Around 700 million metric tons (1.4 trillion jin) | | **CO2 Emissions Reduction** | Around 3.8 percent per unit of GDP | --- ## Key Policy Priorities and Initiatives Based on the report's strategic guidance, the government emphasizes: ### Economic Development - **GDP Growth Target:** 4.5-5% represents the lowest target since 1991, signaling a shift toward slower but more sustainable economic expansion - Efforts to exceed the baseline target "in practice" - Focus on high-quality development and avoiding deflation through proactive fiscal and monetary policy measures ### Innovation and Technology - **Hyper-scale intelligent computing** development - **Satellite internet** infrastructure - **5G Plus Industrial Internet** advancement - **AI governance and regulation** - Data resources development - Emphasis on "new quality productive forces" including: - Advanced technologies and AI systems - Quantum computing research - Robotics development - Nuclear fusion research - Semiconductor and chip manufacturing - Clean energy transition ### Social Welfare Expansion - **Rural and non-working urban old-age benefits:** Increase of 200 yuan per month - **Unemployment and occupational injury insurance:** Expanded coverage - **Housing support** for vulnerable populations - **Maternity and childcare benefits:** Enhanced to address demographic challenges and encourage marriage - **Response to aging population** through expanded social welfare programs ### Fiscal Measures - **250 billion yuan** in ultra-long special treasury bonds allocated for consumer goods trade-ins (consumption stimulus) - **100 billion yuan** fund for loan interest subsidies, guarantees, and risk compensation to boost low-income earnings - **Central government science and technology spending:** Increased by 10% to 426.4 billion RMB - Prioritization of: - AI and AI+ initiatives - Chips and semiconductor development - Quantum computing - Robotics - Nuclear fusion research ### Environmental and Sustainability Goals - **Carbon emissions reduction:** 3.8% per unit of GDP - **Green and low-carbon transitions:** Priority development areas - **Total CO2 reduction for 15th FYP:** 17% per unit of GDP over the plan period ### Urban-Rural Development - Urban-rural integration initiatives (9 programs) - Rural revitalization programs - Infrastructure modernization (23 projects) --- ## Historical Context The government's 2026 GDP growth target of 4.5-5 percent is notably lower than targets set in previous years, reflecting a deliberate policy shift. This represents the lowest target since 1991, signaling official acceptance of a deceleration in growth rates in favor of sustainable, high-quality development. The emphasis on addressing deflation through fiscal expansion and monetary support indicates concern about deflationary pressures in the economy. The report also emphasizes the importance of "new quality productive forces" — a strategic concept highlighting advanced technologies, artificial intelligence, and innovation-driven growth as key to future prosperity and competitiveness. --- ## Approval and Implementation - **National People's Congress Vote:** March 12, 2026 — The Fourth Session of the 14th NPC formally approved the report - **Official Release:** March 13, 2026 — Full text released via Xinhua News Agency - **Multilingual Availability:** English, French, Russian, Spanish, Japanese, German, and Arabic versions have been made available by official sources - **Distribution:** Single-volume books published by People's Publishing House; official release through Xinhua-authorized channels --- ## Sources and Documentation **Primary Sources:** - State Council of the People's Republic of China (english.www.gov.cn) - Xinhua News Agency official release - Fourth Session of the 14th National People's Congress proceedings **News Coverage and Analysis:** - CGTN: "Full text: Report on the Work of the Government" - China Daily: "China releases full text of government work report" - People's Daily: Government work report coverage - Brookings Institution analysis of policy directions - Asia Society policy analysis --- **Note:** This document consolidates the official announcement and verified summary of the 2026 Government Work Report from authoritative Chinese government and state media sources. The complete word-for-word full text requires access to HTML rendering environments to retrieve from certain news platforms (CGTN, China Daily) that employ JavaScript-based content delivery. The core targets, structure, and policy priorities documented here are directly from official State Council announcements and wire service reports.