China announces new economic policies and industrial developments for 2026

China's government has outlined its economic priorities for the coming year, focusing on industrial upgrades and new growth drivers. The State Council discussed the draft government work report and the 15th Five-Year Plan, which sets a roadmap for agricultural modernization and aims to turn rural potential into growth momentum.

Several specific industrial developments were announced. These include China establishing a standard system for its 'low-altitude economy' by 2027, a hybrid unmanned cargo aircraft completing its first flight, and the country underlining its role as the world's premier shipbuilder. New policies were also unveiled to boost service consumption and optimize export tax rebate management for higher efficiency.

In the automotive sector, China is tightening vehicle safety rules with a new standard that will ban hidden car door handles on all electric vehicles over crash safety concerns. The country also continues to expand its world's largest electric vehicle charging network. On trade, China's 2025 foreign trade data reflected economic resilience, and the country is keen on boosting foreign direct investment.