China abandons GDP target for first time in decades amid 'great uncertainty' of virus

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Premier Le Keqiang tell annual congress that economic growth was ‘difficult to predict’ and says nation must ‘tighten its belt’

China has abandoned setting a target for GDP growth for the first time in decades, citing “great uncertainty” caused by the coronavirus pandemic, an acknowledgement of steep challenges the country faces amid a struggling economy and increasing international hostility.

China’s national parliament, its most important political event of the year, has been overshadowed by accusations Beijing should be held responsible for the outbreak and concerns about unemployment as the country attempts to restart its economy.

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Source: china
Link : China abandons GDP target for first time in decades amid ‘great uncertainty’ of virus

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