China has set a 2026 economic growth target of around 4.5%–5%, Premier Li Qiang said on Thursday in the government work report delivered to the National People's Congress.

Other targets include keeping the surveyed urban unemployment rate at about 5.5%, creating more than 12 million new urban jobs and limiting consumer price inflation to around 2%.

Li said the target was designed to leave room for structural adjustments, risk prevention and reforms at the start of the new five-year planning cycle, while remaining broadly in line with China's long-term growth potential.