“4.5%—5%”，从积极务实里看见更多发展空间

Core Viewpoint - The government work report sets the economic growth target for 2026 at 4.5% to 5%, reflecting a pragmatic approach to economic development while aiming for higher quality growth [1][2]. Group 1: Economic Growth Target - The growth target of 4.5% to 5% is designed to balance immediate needs with long-term goals, supporting a vision of doubling GDP or per capita income by 2035, requiring an average annual GDP growth rate of 4.17% during the 14th and 15th Five-Year Plans [2]. - The target acknowledges the natural "convergence" of growth rates as the economy scales, while also considering a "front high, back stable" economic rhythm [2]. Group 2: Policy Measures - Fiscal policy is set to be more proactive, with public budget expenditures expected to reach 30 trillion yuan, an increase of approximately 1.27 trillion yuan from the previous year, focusing on optimizing structure and supporting key areas like consumption and investment [2]. - Monetary policy will maintain a moderately loose stance, utilizing tools like reserve requirement ratio cuts and interest rate reductions to promote stable economic growth and reasonable price recovery [2]. Group 3: Long-term Development Focus - Setting a pragmatic growth target allows for more focus on foundational and long-term projects, emphasizing the development of new productive forces as a core strategy for optimizing economic structure and fostering new growth drivers [3]. - The approach aims to guide local governments in concentrating resources on nurturing and expanding new economic drivers, such as artificial intelligence and green economy initiatives [3]. Group 4: Societal Implications - A scientifically grounded growth target serves as a stabilizing force, signaling a commitment to development that prioritizes structural optimization and quality enhancement, ultimately aiming to meet the public's aspirations for a better life [4].