News Snapshot:
China’s top leadership has quietly given up on its target of 5.5 per cent gross domestic product (GDP) growth this year, an unusual move for an objective that was endorsed by the National People’s Congress and seen as the single most important measure of the government’s performance, even as Beijing tries to play down the indicator’s significance. With the exception of 2020, when China did not set an economic growth target because of the Covid-19 pandemic, the country has indicated an annual GDP goal every year for the past decades to let the world know about its general view on...
