The dual connotations of interval targets

WealthCoffee · 2026-03-07T07:42:03+00:00

Premier Li Qiang reported at the National People's Congress that the economic growth target is set at "4.5%-5%", emphasizing reform and innovation to address structural adjustments and risk prevention, ensuring people's livelihood and fiscal stability.

WealthCoffee

2026-03-07 07:42:03

Abstract generation in progress

On March 5th, Premier Li Qiang of the State Council delivered the government work report to the Fourth Session of the 14th National People’s Congress on behalf of the State Council.

The main economic target is set as a range, leaving room for adjusting structure, preventing risks, and promoting reforms.

The economic growth target of “4.5%-5%” provides space for adjusting structure, preventing risks, and promoting reforms. “Reform” and “innovation” are the high-frequency words in this report, which may indicate that the focus of economic work in 2026 will be on institutional reform and innovative development. Correspondingly, in the economic growth target, the lower limit of 4.5% is a prerequisite for ensuring employment and people’s livelihood, stabilizing fiscal revenue, and preventing risks, as well as aligning with the overall requirements of the 2035 long-term goal. The upper limit of 5%, combined with the policy statement of “striving for better results,” clearly reflects the policy’s core orientation of maintaining a proactive and positive stance.

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