China's GDP is expected to grow by over 6 trillion yuan (about 870 billion U.S. dollars) in 2026, head of the country's top economic planner said Friday.
This economic expansion will provide solid support for employment, people's well-being and risk prevention, Zheng Shanjie, head of the National Development and Reform Commission, told a press conference on the sidelines of the fourth session of the 14th National People's Congress.
"It is expected that this year, if everything goes smoothly under normal circumstances, the GDP increment will exceed 6 trillion yuan. This will provide strong support for stabilizing employment, improving people's livelihood, and preventing risks," Zheng said.
The size of China's service sector is expected to expand beyond 100 trillion yuan (about 14.5 trillion U.S. dollars) in the 15th Five-Year Plan period (2026-2030), Zheng said.
"We will, in conjunction with the Ministry of Commerce, the Ministry of Industry and Information Technology, and other departments, introduce a series of measures to expand capacity and improve quality, fully tapping into the high-quality development potential of the service industry. During the 15th Five-Year Plan period, the scale of the service industry is expected to exceed 100 trillion yuan," he said.
The official said that the country's artificial intelligence (AI) related industries will be valued at more than 10 trillion yuan (1.45 trillion U.S. dollars) by 2030.
"Furthermore, we will deepen the 'AI Plus' initiative to empower thousands of industries and serve millions of households. By the end of the 15th Five-Year Plan period, the scale of AI-related industries will grow to over 10 trillion yuan," he said.
China's GDP to grow by over 6 trillion yuan in 2026: economic planner
China's GDP to grow by over 6 trillion yuan in 2026: economic planner
China's GDP to grow by over 6 trillion yuan in 2026: economic planner
