BEIJING– China braked with more than a quarter-century of tradition by not issuing an economic development target for 2020, a plain recommendation of the challenges facing the world’s second-largest economy as it comes to grips with uncertainties around the coronavirus pandemic.
The uncommon move– it’s the very first time an official target has been left out considering that the practice started in 1994– recommends Beijing’s leaders aren’t eager to release a large-scale stimulus after China’s sharpest contraction in 4 decades. It foreshadows more economic discomfort …
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source https://jobsearchtips.net/beijing-scraps-gdp-target-a-bad-sign-for-world-reliant-on-china-growth/
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