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

Summary:
[unable to retrieve full-text content]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…

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[unable to retrieve full-text content]
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…

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