2026 Government Work Report: What foreign investors need to know about China’s new five-year plan

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• 00:09

  All eyes are on Beijing as Chinese Premier Li Zheng delivers the 2026 government work report at the two sessions.

• 00:18

  What does the new economic growth target reveal about China's priorities?

• 00:22

  And as China deepens its commitment to opening up,

• 00:26

  world opportunities lie ahead for global businesses and trading partners.

• 00:31

  Welcome to World Today.

• 00:32

  I'm your sitting host, Xu Yawen.

• 00:34

  Joining me to unpack China's 2026 government work report and its new five-year plan are Andy Mok,

• 00:42

  Professor at Beijing Foreign Studies University,

• 00:45

  Liu Baocheng,

• 00:46

  Director of the Center for International Business Ethics at University of International Business and Economics,

• 00:53

  and Dr.

• 00:53

  Li Peimai,

• 00:55

  Assistant Professor of Political Science at the International Islamic University, Malaysia.

• 01:00

  Welcome to the program.

• 01:02

  Let me begin by our Chinese guest here, Professor Liu.

• 01:06

  Chinese Premier Li's government work report sets a GDP growth target of 4.5% to 5% for 2026.

• 01:14

  It's a range rather than a single fixed number,

• 01:18

  and the report says that this target creates space for adjusting structure,

• 01:23

  preventing risks, and promoting reforms.

• 01:26

  In your view, why has China chosen a target range this year,

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