China's annual legislative meetings, known as the Two Sessions, opened this week with Premier Li Qiang presenting a government work report showcasing the nation's economic resilience amid global challenges. The report submitted to the National People's Congress on March 5, 2026, revealed sustained growth across key sectors in 2025 despite international market fluctuations.
2025 Economic Milestones
Last year's achievements include:
5% GDP growth to 140.19 trillion yuan ($20.03 trillion)
Creation of 12.67 million urban jobs
17.1% surge in inbound tourism
19.1% increase in new foreign-invested enterprises
Digital economy contribution exceeded 10.5% of GDP
The Hainan Free Trade Port marked significant progress with expanded customs operations, while energy efficiency improved by 5.1% per GDP unit.
Sustainable Development Focus
With 20 million EV charging stations installed nationwide and 714.88 million tonnes of grain harvested, officials emphasized balanced growth. The successful implementation of free preschool education for 14 million children underscores social development priorities.
Ministers participating in the Two Sessions meetings reaffirmed commitments to maintaining stable employment markets and enhancing foreign trade quality through 2026.
