{"id":5538,"date":"2026-03-10T03:16:48","date_gmt":"2026-03-10T07:16:48","guid":{"rendered":"https:\/\/victoriamedia.ca\/en\/?p=5538"},"modified":"2026-04-08T10:48:23","modified_gmt":"2026-04-08T14:48:23","slug":"numbers-of-two-sessions-top-legislature-holds-news-conference-on-the-economy","status":"publish","type":"post","link":"https:\/\/victoriamedia.ca\/en\/english\/5538\/","title":{"rendered":"Numbers of Two Sessions: Top legislature holds news conference on the economy"},"content":{"rendered":"<p>The Press Center for the fourth session of the 14th National People&#8217;s Congress holds a news conference on the economy at the Media Center&#8217;s Press Conference Hall on Friday. Here are some of the highlights.<\/p>\n<p>China&#8217;s GDP is expected to grow by over 6 trillion yuan (about $869.6 billion) this year, Zheng Shanjie, head of the National Development and Reform Commission (NDRC), said\u00a0at the press conference.<\/p>\n<div class=\"img_wrapper\">\n<p><img decoding=\"async\" title=\"\" src=\"https:\/\/image.cns.com.cn\/ecns_editor\/20260306\/Q2jb-hfaizcc2505404.jpg\" alt=\"\" data-link=\"\" \/><\/p>\n<div class=\"pictext\"><\/div>\n<\/div>\n<p>The size of China&#8217;s service sector is expected to expand beyond 100 trillion yuan ($14.49 trillion) in the 15th Five-Year Plan period (2026-30), Zheng said, adding that the NDRC will work with other government departments to roll out a number of supportive measures to fully unlock the potential in the high-quality development of the service sector.<\/p>\n<div class=\"img_wrapper\">\n<p><img decoding=\"async\" title=\"\" src=\"https:\/\/image.cns.com.cn\/ecns_editor\/20260306\/CIXQ-hfaizcc2505410.jpg\" alt=\"\" data-link=\"\" \/><\/p>\n<div class=\"pictext\"><\/div>\n<\/div>\n<p>Measured by purchasing power parity, the scale of China&#8217;s consumer market topped the world during the 14th Five-Year Plan period (2021-25), Commerce Minister Wang Wentao said on the press conference.<\/p>\n<div class=\"img_wrapper\">\n<p><img decoding=\"async\" title=\"\" src=\"https:\/\/image.cns.com.cn\/ecns_editor\/20260306\/jvi2-hfaizcc2505418.jpg\" alt=\"\" data-link=\"\" \/><\/p>\n<div class=\"pictext\"><\/div>\n<\/div>\n<p>Industries based on the BeiDou Navigation Satellite System (BDS) are likely to see their scale top 1 trillion yuan (about 144.9 billion U.S. dollars) in five years, head of the country&#8217;s top economic planner said.<\/p>\n<div class=\"img_wrapper\"><img decoding=\"async\" title=\"\" src=\"https:\/\/image.cns.com.cn\/ecns_editor\/20260306\/CqDl-hfaizcc2505551.jpg\" alt=\"\" data-link=\"\" \/><\/div>\n<p>&nbsp;<\/p>\n<p>China&#8217;s artificial intelligence (AI) related industries will be valued at more than 10 trillion yuan ($1.45 trillion) by the end of the 15th Five-Year Plan period (2026-30), Zheng Shanjie said, adding that the country will continue to advance its &#8220;AI Plus&#8221; initiative during the period.<\/p>\n<div class=\"img_wrapper\">\n<p><img decoding=\"async\" title=\"\" src=\"https:\/\/image.cns.com.cn\/ecns_editor\/20260306\/oVBQ-hfaizcc2505416.jpg\" alt=\"\" data-link=\"\" \/><\/p>\n<div class=\"pictext\"><\/div>\n<\/div>\n<p>Total market capitalization of A-shares has exceeded 110 trillion yuan ($15.9 trillion), said Wu Qing, chairman of the China Securities Regulatory Commission, at the press conference.<\/p>\n<div class=\"img_wrapper\">\n<p><img decoding=\"async\" title=\"\" src=\"https:\/\/image.cns.com.cn\/ecns_editor\/20260306\/Nvm_-hfaizcc2505420.jpg\" alt=\"\" data-link=\"\" \/><\/p>\n<div class=\"pictext\"><\/div>\n<\/div>\n<p>China has no need or intention to seek competitive edges in foreign trade through the depreciation of its currency, Pan Gongsheng, governor of the People&#8217;s Bank of China, said on Friday.<\/p>\n<div class=\"img_wrapper\">\n<p><img decoding=\"async\" title=\"\" src=\"https:\/\/image.cns.com.cn\/ecns_editor\/20260306\/nnPm-hfaizcc2505438.jpg\" alt=\"\" data-link=\"\" \/><\/p>\n<div class=\"pictext\"><\/div>\n<\/div>\n<p>China&#8217;s six emerging pillar industries are expected to surpass 10 trillion yuan ($1.45 trillion) in total value in 2030, Zheng Shanjie said, adding that the combined output of sectors, including integrated circuits, aviation and aerospace, biomedicine, the low-altitude economy, new types of energy storage, and intelligent robots, approached 6 trillion yuan in 2025.<\/p>\n<div class=\"img_wrapper\"><img decoding=\"async\" title=\"\" src=\"https:\/\/image.cns.com.cn\/ecns_editor\/20260306\/2f6h-hfaizcc2505440.jpg\" alt=\"\" data-link=\"\" \/><\/div>\n<div><\/div>\n<div><span style=\"color: #808080;\"><em>This article was originally published by Ecns.cn on 6 March 2026 and is republished with permission.<\/em><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Press Center for the fourth session of the 14th National People&#8217;s Congress holds a news conference on the economy at the Media Center&#8217;s Press Conference Hall on Friday.<\/p>\n","protected":false},"author":2,"featured_media":5539,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174,142],"tags":[],"class_list":["post-5538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-china","category-english"],"_links":{"self":[{"href":"https:\/\/victoriamedia.ca\/en\/wp-json\/wp\/v2\/posts\/5538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/victoriamedia.ca\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/victoriamedia.ca\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/victoriamedia.ca\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/victoriamedia.ca\/en\/wp-json\/wp\/v2\/comments?post=5538"}],"version-history":[{"count":2,"href":"https:\/\/victoriamedia.ca\/en\/wp-json\/wp\/v2\/posts\/5538\/revisions"}],"predecessor-version":[{"id":5576,"href":"https:\/\/victoriamedia.ca\/en\/wp-json\/wp\/v2\/posts\/5538\/revisions\/5576"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/victoriamedia.ca\/en\/wp-json\/wp\/v2\/media\/5539"}],"wp:attachment":[{"href":"https:\/\/victoriamedia.ca\/en\/wp-json\/wp\/v2\/media?parent=5538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/victoriamedia.ca\/en\/wp-json\/wp\/v2\/categories?post=5538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/victoriamedia.ca\/en\/wp-json\/wp\/v2\/tags?post=5538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}