China decides not to set a GDP target for 2020 as coronavirus batters the economy
Chinese Premier Li Keqiang delivers his work report during the opening session of the National People’s Congress at the Great Hall of the People in Beijing on May 22, 2020.
LEO RAMIREZ | AFP via Getty Images
BEIJING — China made a rare decision not to set a target for its economic growth for 2020 due to uncertainties about the impact of the coronavirus.
“I would like to point out that we have not set a specific target for economic growth this year,” Chinese Premier Li Keqiang said in an English-language text of the work report delivered on Friday.
“This is because our country will face some factors that are difficult to predict in its development due to the great uncertainty regarding the Covid-19 pandemic and the world economic and trade environment,” Li said.
The remarks are part of China’s annual parliamentary meeting, …continued .
[Source: CNBC News]