Currently, two provincial assemblies in various parts of the country are being held. Setting economic growth targets for 2026, driving consumption transition up, strengtheningScience and technology innovationHow do we look at the important tasks of the regional meetings in 2026? In the year of the 15th, how can local development goals and routes be tailored? News 1+1 provides an analytical reading。
Why is it so important to keep the 5% increase
The focus on GDP growth has been around an important figure of 5 per cent, some more than 5. 5 per cent. Why is it so important to keep this pace? Why is there some place that can work out a little bit faster
Liu xiaoxie, dean of the guanghua school of management, beijing university: to achieve the goal of socialism modernization by 2035, we have calculated that china's economic growth in the next decade should be maintained at a rate of about 4. 2 per cent. “fifty-five” is the key five years after its inception, and 2026 is the beginning of the “fifty-five”. In this case, it is a natural option to set economic growth at a slightly higher rate than the average expected for the next decade, as in the case of around 5 per cent. Because it is a crucial five-year period and 2026 is the year of the beginning, it is also a natural arrangement for the province to assume the important responsibility for economic growth and to set targets slightly higher。
Where is the importance of science, technology and innovation
Science, technology and innovation are at the forefront of development. They are artificial intelligence, new energy sources, brain interfaces, and so forth. Where is its importance everywhere
Liu xiaoqiao: new quality productivity is marked by the increase in full factor productivity, one of the most important dynamics of which is the potential for growth brought about by technological progress. In this context, the integration of sti and industrial innovation is itself the most important source of new quality productivity. In the future, it is possible that one of the most important future growth dynamics in china in the process of conversion of old and new kinetic energy may come from a combination of sti and industrial innovation. So, science, technology and innovation are being discussed in a very prominent place。
Increased domestic demand for consumption
How can local policies be tailored to their needs
Expanding domestic demand and promoting consumption were also major tasks in 2026. How can it be formulated with precision, according to its own needs, when its endowments, stages of development, levels of development, including capacity, are in fact different
Liu xiao: consumption is playing a growing role in the current economic growth of china as a whole. Consumption increased by 52 per cent in 2025. The expansion of internal demand itself was an important task in 2026. There are two major aspects of consumption mobilization in various places。
On the one hand, it increases the disposable income of the population. In this way, the consumer capacity of the population is improved。
On the other hand, a variety of consumption scenarios have been created in order to increase the consumer orientation of the population。
Granted resources vary from place to place, consuming a large growth space and coming from service consumption. In the process of upgrading service consumption to create new demand with new supplies, the brigade can be developed as a more important industry in various places, such as those with more tourism resources. Like areas with more technological elements, the combination of scientific elements and traditional service areas can lead to higher service consumption through integration。
There is great scope for expanding domestic demand, especially in the area of boosting consumption among the population, in accordance with the endowments of each location, which closely revolve around investing in people and in investment in goods, in close alignment with basic principles。
How do local governments maximize central financial investment? Response
Because this year the central treasury will increase its investment, going to the local level, how can it be transformed into an effective investment that maximizes its impact
Liu xiaoxi: a large part of domestic demand, apart from consumption, comes from an increase in effective investment. In 2026, the year of the beginning of the “fifty-fifty-fifty” campaign, i think, it is interesting to note that such investments cannot themselves be duplicated by a “one-size-fits-all” investment, based on a people-centred, people-to-people, investment-to-goods-coup basic principles, and the search for locally appropriate investment projects that generate returns and investment efficiency。
For example, the steel industry, through green transformation, digitization and integration itself, is an area where investment can be planned. In some areas where sti elements are concentrated, emerging or future industries, whether investment in the industry itself or in related infrastructure, can also become important sources of local investment projects. Thus, the four words, adapted to local conditions, may be the most important and important element to consider in shaping effective investment。
How can the locals do that
The central authorities are demanding that the building of a single national market be accelerated, but as local governments, responsible for their own development, how can they be seen from a central and their own perspective? Is this too much for the place? If so, in which ways
Liu xiaoqiao: for local governments, a reasonable increase during the “155” period, but a qualitative improvement should be made, and if the two can be combined, it is in line with the whole of the central “155” planning proposals, including the future outline. So, in addition to quantitative growth, there may now be more or more qualitative increases. A high-quality 5 per cent increase may exceed a low-quality or 10 per cent increase in double construction and less efficient investment。
From this perspective, local governments may need to ensure that the purpose of economic growth is in itself high-quality development and an improvement in the well-being of the people throughout the planning process of the 15th five-year plan, including in 2026 or the next five years. Focusing on investing in people, on the disposable income of the population and on the growth of consumption by the population is in itself consistent with local development and central-to-local developmentEconomic developmentRequest。
