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China's Two Sessions: Growth Targets Amid Political Turmoil

3/7/2026

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Summary

Story summary

The Two Sessions began March 4, 2026, in Beijing to set targets and unveil the 15th Five-Year Plan, running through March 11, 2026.
Premier Li Qiang is expected to set a GDP growth target of 4.5%–5% and a 2% inflation cap.
The plan prioritizes industrial self-reliance, notably in semiconductors and artificial intelligence.
The meetings follow political shifts, including removal of senior military officials, raising concerns about purges.

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Story summary

The Two Sessions began March 4, 2026, in Beijing to set targets and unveil the 15th Five-Year Plan, running through March 11, 2026.
Premier Li Qiang is expected to set a GDP growth target of 4.5%–5% and a 2% inflation cap.
The plan prioritizes industrial self-reliance, notably in semiconductors and artificial intelligence.
The meetings follow political shifts, including removal of senior military officials, raising concerns about purges.