1、KPMG.Make the D 2026Key Takeaways from Chinas 2026Two Sessions 2026 KPMG Huazhen LLP,a Peoples Republic of China partnership,KPMG Advisory(China)Limited,a limited liability company in Chinese Mainland,KPMG,a Macau SAR partnership,and KPMG,a Hong Kong SAR partnership,are member firms of the KPMG glob
2、al organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.1Executive SummaryFrom 4 to 12 March 2026,the Fourth Session of the 14th National Peoples Congress and the Fourth Session of the 14th National Com
3、mittee of the Chinese Peoples Political Consultative Conference were held in Beijing.During the Sessions,the National Peoples Congress approved the Report on the Work of the Government(“the Report”)and The 15th Five-Year Plan for National Economic and Social Development of the Peoples Republic of Ch
4、ina(“15th Five-Year Plan”),along with other key documents.Marking the start of the 15th Five-Year Plan,the Report reaffirms economic development as Chinas central task and high-quality growth as the overriding priority,setting a GDP target of 4.55%.This deliberately measured target is aligned with t
5、he Governments long-term goal of basically achieving socialist modernization by 2035 and leaves sufficient policy space for ongoing structural reforms.Amid a landscape of both strategic opportunities and growing uncertainties at home and abroad,the Report lays out four core strategies:unlocking grow
6、th through domestic demand,powering growth through innovation,removing bottlenecks through reform,and broadening opportunities for development through opening up.In doing so,it strikes a balance between stabilizing growth in the short term and promoting transformation over the long run.The following