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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Premier Li Qiang delivered the government work report to China's National People's Congress on March 5, 2026, setting a 2026 GDP growth target of 4.5-5% and outlining priorities for the 15th Five-Year Plan (2026-2030), including technological innovation, economic security, public well-being, energy production and decarbonisation. The report announced 20 growth targets across economy, technology, healthcare and more, plus 109 major projects in six areas—up from 102 previously—to support doubling 2020 per capita GDP by 2035.

China's National People's Congress held a press conference on Wednesday, where spokesperson Lou Qinjian highlighted major advances in the domestically developed humanoid robot industry. He stated that 2025 marks a pivotal moment with breakthroughs in technological innovation and real-world applications. The event also explored how 'AI+' could open new frontiers for consumption.

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Chinese Premier Li Qiang on Wednesday called for a comprehensive push in the technological innovation, industrial growth, and application of artificial intelligence (AI) to foster new quality productive forces and promote high-quality development.

The Political Bureau of the Communist Party of China Central Committee met on Friday to deliberate regulations on the work of local Party committees. Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting. It stressed that local Party committees must resolutely uphold the authority and centralized leadership of the CPC Central Committee with Comrade Xi Jinping at its core.

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An opinion piece in the South China Morning Post suggests that Hong Kong's 2026-27 budget speech should clarify how the city's economic direction aligns with global and national trends, defining its place in future industries. It urges Financial Secretary Paul Chan Mo-po to explain the macroeconomic rationale behind Hong Kong's new industrial policy: large-scale investment in innovation and technology to broaden the economy.

 

 

 

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