China will not set a specific target for economic growth this year — a sign of how much uncertainty the coronavirus pandemic has caused the world's second largest economy.
Hong Kong China will not set a specific target for economic growth this year — a sign of how much uncertainty the coronavirus pandemic has caused the world's second largest economy.
Chinese Premier Li Keqiang on Friday attributed the decision to"factors that are difficult to predict" due to"great uncertainty" caused by Covid-19 and"the world economic and trade environment."This is the first time in decades that China has not set a growth target for its economy. Last year, Beijing targeted growth in the range of 6% to 6.5%. GDP grew 6.1%, its slowest pace in nearly 30 years.Beijing needs to create jobs fast.
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