Mar 06, Kathmandu - China's Gross Domestic Product (GDP) is expected to surpass 6 trillion yuan (approximately $870 billion) by 2026, according to top economic planners. This significant economic growth is anticipated to bolster employment, improve public welfare, and enhance risk prevention measures.

Shanju Zhang, head of the National Development and Reform Commission, announced these projections during a press conference held on the sidelines of the 14th National People's Congress' fourth session. 

"If everything proceeds smoothly under normal circumstances this year, GDP growth is expected to exceed 6 trillion yuan," Zhang stated. "This will provide strong support for stabilizing employment, improving people's livelihoods, and preventing risks."

Additionally, during the 15th Five-Year Plan period (2026-2030), China aims to expand its service sector to over 100 trillion yuan (around $14.5 trillion). The country's artificial intelligence (AI) industry is also projected to grow substantially, with its valuation expected to surpass 10 trillion yuan (approximately $1.45 trillion) by 2030.