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Economic fallout from the coronavirus pandemic caused China’s government to avoid setting a formal GDP growth forecast for this year, while predicting a swelling budget deficit and setting a more modest target for employment expansion.
Every year, the State Council, the National Development and Reform Commission and the Ministry of Finance release reports before the NPC opening ceremony. This year’s annual meeting, which was delayed by more than two months due to the coronavirus outbreak, will last for about a week and conclude on May 28.
CHINA PREVIEW: NPC to Move Away From Simplistic Growth Goal (2)
Key economic targets from the reports include:
Other targets, overarching policy goals:
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