China's two sessions 2026: Li Qiang outlines economy and tech priorities

At the opening of China's National People's Congress, Premier Li Qiang pledged to champion orderly multipolarism and inclusive globalisation. President Xi Jinping urged major provincial economies to lead in technological innovation and risk control. The government work report outlined priorities for the economy, innovation and military this year.

China's most critical annual political gathering, the 'two sessions', convened in Beijing around March 11, 2026, encompassing the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC). At the NPC opening ceremony in the Great Hall of the People, Premier Li Qiang highlighted priorities including Taiwan, trade war, People's Liberation Army (PLA) and artificial intelligence (AI). He pledged to champion 'orderly' multipolarism and 'inclusive' globalisation to address international challenges.

President Xi Jinping urged China's major provincial economies to take the lead in technological innovation and strengthen resilience to external shocks over the next five years. This underscores Beijing's strategic focus amid rising global uncertainty.

Li Qiang's government work report delivered key takeaways for the year, including economic growth targets, plans for the private sector, and policy priorities in innovation and the military. The meetings unveiled the 15th five-year plan, laying out economic and social priorities for the next half-decade. Outcomes from these sessions will set the stage for the anticipated summit between Xi Jinping and US President Donald Trump, influencing China's domestic trajectory, foreign policy and US-China relations.

Discussions also covered technological self-reliance, with emphasis on sectors to prioritise amid global uncertainty. Economic policy highlights from Li Qiang's report include targets and priorities.

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Photorealistic image of President Xi Jinping and delegates at China's Two Sessions in Beijing, deliberating the 15th Five-Year Plan amid grand banners and flags.
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China's 'two sessions' open to deliberate 15th Five-Year Plan

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Building on priorities set at the December 2025 Central Economic Work Conference, the fourth session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) opened in Beijing on March 4, 2026, with President Xi Jinping in attendance. The fourth session of the 14th National People's Congress (NPC) convenes March 5-12 to deliberate the government work report and draft outline of the 15th Five-Year Plan (2026-2030). Spokesperson Lou Qinjian highlighted plans to expand opening-up, boost consumption, and advance sci-tech self-reliance amid ongoing economic pressures.

Following Premier Li Qiang's government work report setting a 2026 GDP growth target of 4.5-5%, Zheng Shanjie of the National Development and Reform Commission projected over 6 trillion yuan GDP growth this year at the NPC economy press conference. The service sector is expected to exceed 100 trillion yuan during the 15th Five-Year Plan (2026-2030). Leaders including Xi Jinping emphasized high-quality development amid the sessions.

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Chinese leaders convened in Beijing on December 10-11 for the annual Central Economic Work Conference, where Xi Jinping delivered a keynote speech reviewing 2025 economic performance, assessing challenges, and outlining 2026 priorities. The meeting emphasized boosting domestic demand, fostering innovation, deepening reforms, and expanding opening-up to promote high-quality development.

As China enters the first year of its 15th Five-Year Plan, policymakers are prioritizing underlying stability and balance over mere growth rates. Recent measures include targeted fiscal support and incentives for care services. This approach aims to foster sustainable development amid global uncertainties.

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The fourth session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC), which opened on March 4, concluded its annual meeting on March 11 at the Great Hall of the People in Beijing. Xi Jinping and other leaders attended, as delegates approved resolutions on committee work, proposal handling, and the session's political outcomes.

Shanghai's municipal government held a news conference to announce the start of the 2026 Shanghai Global Investment Promotion Conference on March 14, lasting a week. The event aims to enhance the business environment and government services to build stronger industrial chains. Officials and executives highlighted new platforms for emerging technologies to attract investments.

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At the World Economic Forum annual meeting in Davos, Switzerland, China's Vice-Premier He Lifeng urged countries to solve problems through dialogue and joint efforts, advocating free trade and multilateralism amid rising geopolitical tensions and economic divides. He stressed focusing on shared opportunities over competition. China is committed to fostering common prosperity via its development and global contributions.

 

 

 

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