Takeaways from Chinese Premier Li Qiang’s government work report

Here are the major takeaways from this year’s government work report and budget report:

Major targets for 2026

Gross domestic product growth of 4.5-5 per cent

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A consumer price index increase of around 2 per cent

A fiscal budget deficit of around 4 per cent of GDP

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Addition of 12 million new urban jobs

South China Morning Post

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