Titan Morning Report – GDP growth is projected to be around 5%! Beijing outlines key initiatives for 2026; the Central Broadcasting Station announces its designated humanoid large model robot for the 2026 Spring Festival Gala; reports suggest that Samsung Electronics will increase NAND prices by 100% in the first quarter.
On January 25th, the Fourth Session of the 16th People’s Congress of Beijing opened, during which Mayor Yin Yong presented a government work report. The main expected targets for economic and social development in Beijing for 2026 include:
- GDP growth of approximately 5%
- General public budget revenue growth of around 4%
- Urban survey unemployment rate maintained below 5%
- Consumer price index increase of about 2%
- Synchronization of resident income growth with economic growth
- Control of annual average concentration of fine particulate matter at around 29 micrograms per cubic meter
- Meeting national requirements for energy, water resources, and carbon emissions
The report emphasizes the implementation of a three-year action plan to improve environmental quality in the core areas. It highlights the importance of thoroughly enforcing urban planning and deepening the collaborative development of the Beijing-Tianjin-Hebei region. Efforts will be made to optimize urban governance and enhance the living conditions in old neighborhoods.
Beijing plans to fully implement the “Artificial Intelligence +” initiative, establishing a national AI application pilot base. The report mentions a strong focus on developing high-tech industries, boosting the foundation of the real economy, and expanding production capacities for key projects in integrated circuits and pharmaceuticals.
Additionally, Beijing will promote innovation in service industries such as housekeeping and health care. The city aims to support consumption in various sectors, launch new consumption scenarios, and enhance cultural, commercial, and tourism integration.
In 2026, significant projects with a total investment of no less than 200 billion yuan will be promoted, focusing on accelerating the implementation of key engineering projects and optimizing investment structures. The city will prioritize investment in improving people’s livelihoods and consumption upgrades.
Beijing will also enhance the rights and protections for flexible employment and new types of workers, aiming to create more job opportunities and improve living standards for residents. The city plans to develop cultural hubs and enhance its reputation as a center for performing arts.
In other news, Tencent plans to distribute 1 billion yuan in cash red envelopes during the Spring Festival, while Baidu’s Wenxin Assistant will also participate in the Spring Festival AI competition by issuing 500 million yuan in cash. Furthermore, the Central Broadcasting Station has appointed Galaxy Universal Robot as the designated humanoid robot for the 2026 Spring Festival Gala.
In international news, an international group has sued Meta, accusing the company of making false statements regarding WhatsApp’s privacy features. Meanwhile, Nvidia board member Persis Drell has resigned after over ten years, and Samsung Electronics is reported to have raised NAND flash memory prices by more than 100% in the first quarter, reflecting a significant supply-demand imbalance in the semiconductor market.
In the financial sector, the Beijing Stock Exchange saw a historic surge with 10.5886 billion yuan in subscription funds for new shares, marking the first time the subscription amount exceeded 1 trillion yuan.
Overall, January 25th has been marked by significant developments across various sectors, highlighting key economic, technological, and cultural initiatives in both domestic and international contexts.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/beijing-announces-2026-economic-goals-and-key-initiatives-amidst-significant-market-developments/
