China GDP: economic growth target may return after being dropped in 2020 amid coronavirus

China may resume the practice of setting annual economic growth targets after dropping the goal for 2020, a Chinese government official involved in drafting the government work report said on Friday.Sun Guojun, a senior member at the State Council’s in-house research office, said that it is “generally better” to set an annual gross domestic product (GDP) growth target as it is a “benchmark” for many other indicators from inflation to income.Sun said China dropped the target for 2020 – the first…

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