China will not set an economic growth target for the first time in 2020, according to the work report of the National People’s Congress, seen by the South China Morning Post.The move was expected in some quarters, with the economy having contracted by 6.8 per cent in the first quarter of 2020 compared to a year earlier, under huge pressure from the coronavirus pandemic.“We have not set the specific [gross domestic product] target mainly due to the global pandemic and big uncertainties in the…
from South China Morning Post https://www.scmp.com/economy/china-economy/article/3085553/china-gdp-beijing-abandons-economic-growth-target-2020-work
Friday, May 22, 2020
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