China omits GDP goal, pledges higher spending

China omits GDP goal, pledges higher spending

Channel NewsAsia - Asia·2020-05-22 09:37

BEIJING: China refrained from setting a 2020 gross domestic product growth target and pledged to step up spending and financing to support its economy, according to Premier Li Keqiang's work report released on Friday (May 22) at the start of the annual parliament meeting.

It marked the first time that China did not set a GDP goal since 1990 when the government started to publish such targets.

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