Chinese Premier Li Keqiang speaks on a podium and is seen on a large screen at the opening session of the National People's Congress at the Great Hall of the People on March 5, 2022, in Beijing.
Beijing will focus on economic stability in 2022, leveraging moderate fiscal support to jump-start economic growth in a politically sensitive year and deprioritizing long-term development goals. Chinese Premier Li Keqiang released China's Government Work Report on March 5, 2022, at the meeting of the National People's Congress, part of China's annual Two Sessions legislative event. The report focused on China's accomplishments last year, but it also laid out economic goals for 2022, including quantitative targets and general policy focuses, and described Beijing's chief economic concerns. Economic targets for 2022 include a 5.5% gross domestic product growth target and the allocation of $101 billion in central government funds for investment, especially to construction projects like energy pipelines and civil infrastructure.
