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China GDP: Beijing abandons 2020 economic growth target, Premier Li Keqiang confirms at NPC

Summary:
[unable to retrieve full-text content]China will not set an economic growth target for the first time in 2020, Premier Li Keqiang confirmed at the National People’s Congress on Friday in BeijingThe 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 economy and trade,”…

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[unable to retrieve full-text content]
China will not set an economic growth target for the first time in 2020, Premier Li Keqiang confirmed at the National People’s Congress on Friday in BeijingThe 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 economy and trade,”…

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