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China GDP: Beijing cites ‘policy flexibility’ as reason for dropping specific growth target for 14th five-year plan

China has for the first time abandoned an overall economic growth target in its next five-year plan to provide the government flexibility to cope with risks at home and abroad, the country’s top economic planning agency said on Monday.Unlike in previous years, the 14th five-year plan for 2021-25 does not specify a target for the whole period, but will instead keep annual growth at “ a reasonable range”, with the first year set at above 6 per cent.Hu Zucai, the deputy director of the National…

Read the original article at South China Morning Post

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