China's economy grew 5% year-on-year in the first quarter of 2026, accelerating from 4.5% growth in the final quarter of 2025, according to data released Thursday by the National Bureau of Statistics (NBS). The expansion signals renewed momentum as the world's second-largest economy continues its post-pandemic recovery trajectory.
First-quarter GDP reached 33.4 trillion yuan ($4.87 trillion), with the NBS noting "accelerated growth of production and supply" alongside improving market demand. Officials highlighted stable employment conditions and moderate price increases as key factors supporting the results, describing the economy as having "greater resilience and vitality" in 2026.
This year's growth builds on 2025's 5% annual expansion. Beijing has set a 2026 target range of 4.5% to 5%, with policymakers pledging to "strive for better" outcomes through continued focus on high-quality development strategies. Analysts suggest the Q1 performance positions China well to meet its annual targets despite ongoing global economic uncertainties.
The manufacturing and technology sectors drove much of the growth, with recent policy measures supporting innovation-driven industries. International observers will watch for sustained momentum as China implements its 15th Five-Year Plan (2026-2030), which prioritizes technological self-reliance and sustainable development.
