In his government work report presented at the annual session of the National People's Congress, Chinese Premier Li Qiang has set forth ambitious targets for the economy for the coming years. Among the key goals outlined are a GDP growth rate of 4.5-5% for 2026, an increase in the consumer price index of around 2%, and managing a fiscal budget deficit of approximately 4% of GDP. Additionally, the Premier announced plans to create 12 million new urban jobs and increase the defense budget by 7%, alongside a commitment to boost research and development spending by 10%. These projections suggest a balancing act between economic growth and fiscal responsibility, reflecting the government's priorities in the coming years.