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China’s provincial governments unveil 2026 GDP growth targets, putting priority on technological innovation

2026-01-26 16:54   环球时报网英文版

  And, North China"s Tianjin has set its main expected targets for 2026 economic and social development, according to Tianjin Fabu, the city"s official WeChat on Monday. The targets include regional GDP growth of 4.5 percent; a 2 percent increase in local budget revenue; improved quality and efficiency of fixed asset investment; consumer prices rising by about 2 percent; household income growingy in step with economic growth; and meeting the national targets for energy saving, pollution control and carbon reduction, according to Tianjin Fabu.

  The economic growth targets and action plans outlined at their annual legislative sessions revealed a strategy emphasizing faster R&D growth, the development of new quality productive forces and sizeable investment to support innovation-led economic growth, Wang Peng, an associate research fellow at the Beijing Academy of Social Sciences, told the Global Times on Monday.

  The provincial authorities’ plans underscore the dual focus on both the quantity and quality of growth. The goal is to shift China’s regional economy toward higher value-added, innovation-driven sectors, Wang said, adding that they signaled continued public support for cutting-edge technology — from artificial intelligence and robotics to biotech, quantum and advanced energy — and a heavy emphasis on mobilizing investment to accelerate industrial upgrading.

  

责编:徐明业

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