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China abandons growth target for first time in years amid 'great uncertainty' over coronavirus recovery

WorldNews Friday, 22 May 2020 ()
China abandons growth target for first time in years amid 'great uncertainty' over coronavirus recoveryParting with years of precedent, China abandoned its growth target for 2020, in acknowledgement that there is "great uncertainty" facing the country as it looks to restart its economy after the coronavirus outbreak. In his annual report to Beijing's Congress on Friday, premier Li Keqiang said that the country has made major achievements in its response to the coronavirus epidemic and that economic development was a top priority. But he did not set a target for economic growth for the year. Mr Li’s work report, delivered at the opening of the annual meeting of the legislature, the National People’s Congress, also provided no details on Beijing’s plans to impose stringent new security...
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News video: China ditches GDP target for first time

China ditches GDP target for first time 01:27

China will refrain from setting a GDP target citing concerns over the coronavirus and global uncertainty, the country's premier said on Friday. Ciara Lee reports

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