National People's Congress (NPC)

Money Moves

Holding annual session, deliberating 15th Five Year Plan

For three decades, China's annual growth target was a formality — the economy nearly always blew past it. On March 5, Premier Li Qiang set the 2026 target at 4.5% to 5%, the lowest figure Beijing has published since it began the practice in the early 1990s. The downgrade from the previous three years' 'around 5%' signals that China's leadership now expects structurally slower expansion for the foreseeable future.

Updated May 30

Rule Changes

14th NPC annual session opened March 5; reviewing Government Work Report and 15th Plan

China adopted five-year economic planning from the Soviet Union in 1953. The 15th Five-Year Plan, unveiled March 5, 2026 at Beijing's Two Sessions, shifts from the growth-first model (dominant since Deng Xiaoping's 1980s reforms) toward technological self-reliance and economic security. The plan earmarks $70 billion for semiconductors and targets 5% GDP growth, per Premier Li Qiang's Government Work Report.

Updated May 30