Uncertainties caused by the coronavirus pandemic led Beijing to drop the numerical goal last year. - AFP
BEIJING (Bloomberg): In a battle between those who love or hate China's economic growth target, a compromise appears to have emerged: a goal low enough to be more easily ignored.
China's leaders have an ambivalent relationship with the gross domestic product (GDP) target they have set almost every year since the 1990s. It's celebrated as the key to mobilising millions of bureaucrats who compete for promotions by increasing growth rates in their provinces, and blamed for social evils from pollution to excessive investment and fake statistics.
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