China Prioritizes Domestic Market and Technology

China unveiled two economic plans at the National People's Congress in early March 2026, prioritizing a robust domestic market for 2026 and accelerated technological progress in a five-year plan. The government set a 2026 growth target of 4.5–5% and emphasized self-sufficiency in AI, semiconductors, batteries, biotech and 6G, while signaling subsidies for high-tech manufacturing. The plans aim to reduce export dependence amid a record trade surplus near $1.2 trillion.