Chongqing, the industrial powerhouse of southwestern China, has announced a GDP growth target of over 5 percent for 2026, according to the annual session of the municipal people's congress, which commenced on January 28, 2026. [Photo by Li Ye/For chinadaily.com.cn]
Chongqing, the industrial powerhouse of southwestern China, has announced a GDP growth target of over 5 percent for 2026, according to the annual session of the municipal people's congress, which commenced on Wednesday.
In the previous year, Chongqing's GDP reached 3.37 trillion yuan ($485.22 billion), reflecting a growth rate of 5.3 percent, said the city's mayor Hu Henghua, who delivered the municipal government's work report at the Chongqing Municipal People's Congress.
Chongqing, the industrial powerhouse of southwestern China, has announced a GDP growth target of over 5 percent for 2026, according to the annual session of the municipal people's congress, which commenced on January 28, 2026. [Photo by Li Ye/For chinadaily.com.cn]
The mayor's report outlined a series of targets for 2026, emphasizing sustained economic and social development. Key objectives include a 6 percent increase in the added value of industries above designated size, a 3 percent rise in fixed asset investment, and a growth of over 4 percent in total retail sales of consumer goods. The city also aimed for a 5 percent increase in total import and export value and plans to create over 650,000 new jobs in urban areas. Additionally, general public budget revenue is set to rise by 3 percent, with residents' income expected to grow in line with the economy. Environmental sustainability is also a priority, with a targeted reduction of 3.8 percent in carbon dioxide emissions per unit of GDP.
Hu said by 2030, the GDP of Chongqing will surpass 4 trillion yuan, and its per capita GDP will reach 140,000 yuan. The municipality is positioning itself as a hub of advanced manufacturing with international competitiveness, a nationally influential center for industrial innovation, and a key talent center in China's western region.
