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.