Weifang targets 5.5 percent GDP growth in 2026

Weifang is aiming for 5.5 percent GDP growth in 2026, building on its resilient economic performance in the previous year. As outlined in the government work report released on Jan 14, the city is strategically positioning itself for a new phase of high-quality transformation, with its eyes set on joining the ranks of China's trillion-yuan ($144 billion) economies.

The 2026 goals build upon a robust foundation established in 2025. Last year, Weifang's GDP climbed 5.5 percent, driven by a strong 7.3 percent rise in industrial output. Public finances also hit new milestones, with general budget revenue reaching 63.05 billion yuan. The agricultural sector, a key pillar of the local economy, saw a solid increase to 137 billion yuan, while international trade volumes soared by 6 percent.

To maintain this upward momentum, Weifang is leveraging an industrial base that includes more than 4,700 enterprises above a designated size. The city's 2026 strategy focuses on advancing high-tech manufacturing, with particular emphasis on power equipment and smart agricultural technologies. By fostering an innovation-driven ecosystem, Weifang is positioning itself as an attractive hub for global businesses and top-tier talent.

Infrastructure remains a key component of the city's competitive edge. Weifang's expanding high-speed rail network is strengthening regional connectivity, while Weifang Port — China's first zero-carbon port — has further elevated the city's status as a key player in global logistics. These investments will ensure that Weifang remains an essential and sustainable trade hub in northern China.

Beyond economic growth, the 2026 work plan prioritizes improving residents' quality of life. The city aims to create 94,000 new jobs, focusing on college graduates and migrant workers. In addition, increased funding will be allocated to healthcare, education, and social security, alongside the expansion of urban community hubs to improve access to public services.

With a balanced focus on economic development and social well-being, Weifang is on track to reach its long-term goal of becoming a trillion-yuan economy.