CAI MENG/CHINA DAILY

　　During the recently concluded two sessions, the country released its Government Work Report. Within the report, the Chinese government signaled a willingness to tackle deep structural issues head-on, chart a new growth model and boost foundations for long-term development.

　　The report comes as China's economy is entering a pivotal stage in its transition toward high-quality development, against the backdrop of a slowing global economic landscape.

　　Standing at the intersection, the report maintains the familiar policy tone of "seeking progress while maintaining stability" and places greater emphasis on improving efficiency through structural reform and institutional upgrades.

　　Compared with government work reports from 2023 to 2025, the 2026 report reflects a more flexible and forward-looking approach to macroeconomic management.

　　This year's report sets the GDP growth target at between 4.5 percent and 5 percent, expressed as a range rather than a single figure. The format helps stabilize expectations while giving policymakers greater room to adjust policies if conditions change.

　　The range reflects confidence in China's growth potential while enhancing policy flexibility amid a complicated global environment. It allows the authorities more space to balance structural adjustments, risk prevention and reform.

　　At the same time, the report stresses that officials will strive for better results in actual work, reinforcing the policy orientation of steady progress while signaling a stronger push toward growth.

　　Such target-setting both anchors market expectations and supports continued improvements in the quality of growth, while keeping the overall economy stable.