mandag 25. mai 2020

Xi says China could have set GDP growth goal around 6% had there been no coronavirus

Chinese President Xi Jinping said China’s annual economic growth target could have been set around 6% had the new coronavirus epidemic not happened, according to state media reports on Saturday. The Chinese government on Friday omitted a gross domestic product (GDP) growth target for 2020 in its yearly work report unveiled at the start of the annual meeting of parliament, citing uncertainties brought on by the epidemic.

“If the epidemic hadn’t happened, under general circumstances, the GDP growth target would be set around 6%,” Xi told a parliamentary group discussion on Friday, according to state media. That would have been in line with the goal of around 6% that sources told Reuters in early December before the epidemic struck. “If we rigidly set one (GDP target), then the focus will be on strong stimulus and to hit the growth rate, which is not in line with the purpose of our economic and social development,” Xi said.