Chinese investor monitoring stock prices in front of an electronic screen displaying Shanghai Composite Index at a brokerage house in Beijing. Chinese officials are evaluating whether the target for economic growth this year should be softened as part of a broader review of how the government’s plans will be affected by the deadly virus outbreak. - AP
BEIJING: Chinese officials are evaluating whether the target for economic growth this year should be softened as part of a broader review of how the government’s plans will be affected by the deadly virus outbreak, according to people familiar with the matter.
The annual growth target is typically unveiled in March at the country’s legislative session after being endorsed by top leaders at the annual closed-door Central Economic Work Conference in December. Economists had expected China would aim for output growth of "around 6%” this year after seeking a range of 6% to 6.5% in 2019.
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