MNI BRIEF: China's 2026 GDP Growth Likely CNY6 Trillion - NDRC

China’s GDP growth this year is expected to exceed CNY6 trillion, providing strong support for stabilising employment, improving social welfare, and preventing risks, Zheng Shanjie, director of the National Development and Reform Commission told reporters on Friday.

The NDRC will further implement the special action to boost consumption, while promoting constructions of national projects, said Zheng. New investment led by the government is expected to exceed CNY7 trillion, with a focus on projects in the fields of transportation, consumption, low-altitude economy, artificial intelligence, education and medical care. (See MNI: China's Decades-Low GDP Target Fits Econ Slowdown Trend)

Zheng also mentioned that NDRC will work with the Ministry of Finance, the People's Bank of China, and other departments to establish a national-level merger and acquisition fund to facilitate exit channels for venture capital and improve capital turnover efficiency.