China Projects 2026 Goals Within Reach After 4.7% H1 GDP Growth
Updated
Updated · Global Times · Aug 22
China Projects 2026 Goals Within Reach After 4.7% H1 GDP Growth
3 articles · Updated · Global Times · Aug 22
Summary
China said its economy should stay within a reasonable range in the second half and meet 2026 targets as central and local 2026-30 projects advance and macro policies take fuller effect.
A 4.7% first-half GDP expansion underpins that outlook, with industrial profits up 18.7%, budget revenue rising 4.7%, and employment, prices and the balance of payments broadly stable.
New growth drivers strengthened the case: equipment manufacturing value added rose 9.3% and high-tech manufacturing 13.3%, alongside advances in chips, innovative drugs, rockets, robotics and AI applications.
Risks were described as contained, with the property market stabilizing in some major cities, local hidden debt being replaced in an orderly way, and the number of high-risk small and medium-sized financial institutions falling.
US companies and business groups visiting China also cited opportunities in advanced manufacturing, AI, clean energy and life sciences, with some saying they plan to expand investment as China boosts domestic demand and R&D.