Beijing Scraps GDP Target, a Bad Sign for World Reliant on China Growth

Elvera Bartels

BEIJING—China broke with more than a quarter-century of tradition by eschewing an financial advancement concentrate on for 2020, a stark acknowledgment of the difficulties dealing with the world’s 2nd-largest economic system as it grapples with uncertainties around the coronavirus pandemic.

The uncommon move—it is the 1st time a formal concentrate on has been omitted because the exercise commenced in 1994—suggests Beijing’s leaders aren’t eager to unleash a huge-scale stimulus right after China’s sharpest contraction in four a long time. It foreshadows more financial pain…

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