The Chinese economy has proved remarkably resilient over the past year, according to the latest government work report.
Here are the main targets for 2026:
📈 GDP growth: 4.5% - 5%, while striving for better in practice
💼 New urban jobs: 12M+
📊 CPI growth: ~2%
💰 Deficit-to-GDP ratio: ~4%
🌾 Grain output: ~700M tons
🌱 CO2 emissions per unit GDP: -3.8%
Income growth to keep pace with economic expansion. A basic equilibrium in the balance of payments is also targeted. #TwoSessions2026
German Chancellor Friedrich Merz paid an official visit to China from February 25 to 26. On the afternoon of February 26, German Chancellor Friedrich Merz visited the Siemens Energy plant in Hangzhou. @bundeskanzler@_FriedrichMerz@GermanyUN@Siemens_Energy#FriedrichMerz #SiemensEnergy #ChinaGermany #EnergyCooperation #Hangzhou #IndustrialInnovation #ChinaEU
German Chancellor Friedrich Merz is paying his official visit to China from Feb 25 to 26, with Hangzhou serving as the second stop on his itinerary. Ola Källenius, CEO of Mercedes-Benz Group AG said: "This is one of the places that you need to be if you want to integrate with technology companies.
#MercedesBenz #OlaKällenius #Hangzhou #ChinaGermany #AutomotiveInnovation #TechEcosystem #FriedrichMerz #GlobalBusiness @OlaKaellenius@MercedesBenz@GermanyUN
German Chancellor Friedrich Merz continued his official visit to China in Hangzhou with senior executives from around 30 leading German companies, on Feb 26. Oliver Zipse, CEO of Bayerische Motoren Werke AG said: "Cooperation with Chinese companies is almost the normality for us. @OliverZipseoffi@BMW@GermanyUN
#BMW #OliverZipse #ChinaGermany #AutomotiveIndustry #Hangzhou #GlobalSupplyChain #FriedrichMerz #BusinessCooperation