China ditched its annual growth projection for the first time in decades in a rare move that shows the true scale of the coronavirus economic impact.However, the uncertainty caused by the coronavirus led to its scrapping.
Analysts say China's timing could not be worse in both ditching its GDP target and establishing a new national security law on Hong Kong, amid escalating US-China tensions and increased calls for investigation into the origins of COVID-19.China has scrapped its customary growth target for 2020, the latest sign of how the coronavirus pandemic has ravaged the world's second-largest economy.
Doing away with years of precedent, China's ditching of its gross domestic product target is an admission of "great uncertainty" the economy is faced with from ruptures caused by the coronavirus.
Which of China’s official growth and other economic indicators did you regard as real
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Fonte: BusinessInsider - 🏆 729. / 51 Leggi di più »