Zheng Shanjie: Strengthen efforts to improve the effectiveness of macroeconomic regulation, emphasizing both intensity and coordination

WealthCoffee · 2026-03-06T08:33:00+00:00

The 2026 China's economic growth target is set at 4.5%-5%. Zheng Shanjie, Director of the National Development and Reform Commission, emphasized the need to implement central decisions, improve economic regulation efficiency, build the domestic market, and strengthen the industrial system to achieve better economic development outcomes.

WealthCoffee

2026-03-06 08:33:00

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[Caixin] The 2026 economic growth target is set at 4.5%–5%, with efforts to achieve better results in practice. How to accomplish this goal?

Zheng Shanjie, Director of the National Development and Reform Commission, stated at the press conference on the economy during the Fourth Session of the 14th National People’s Congress on March 6 that 2026 is the first year of the “14th Five-Year Plan,” and a good start is crucial to the overall situation. To meet the expected target, it is necessary to earnestly and solidly implement the decisions and arrangements of the Central Economic Work Conference and the work plan of the “Government Work Report” (hereinafter referred to as the “Report”). The focus should be on enhancing macroeconomic regulation efficiency, building a strong domestic market, strengthening the modern industrial system, and addressing bottlenecks in economic and social development.

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