China Sets Innovation-Led Growth And Green Targets

China's 2026 government work report, submitted to the National People's Congress in early 2026, sets a pragmatic 4.5–5% GDP growth target and pledges at least 7% annual increases in R&D spending from 2026–2030. It emphasizes self-reliance in core technologies (semiconductors, AI, clean energy), boosts domestic consumption measures, targets a 12.5% digital-economy GDP share, and seeks a 17% reduction in emissions intensity by 2030.