China’s decision to drop economic growth target is a blessing in disguise

Last Thursday, May 21, at the Two Sessions of the National People’s Congress and the CPPCC, Beijing announced that this year it was dropping its growth targets, which have been a feature of Chinese economic planning since 1990.One has to assume Beijing would have preferred not to have to drop the growth target. The Covid-19 pandemic and the resulting global recession has surely made any growth target very difficult to reach, not just for China but for all countries. In that context, this was…

from South China Morning Post https://www.scmp.com/week-asia/opinion/article/3086769/chinas-decision-drop-economic-growth-target-blessing-disguise