News Snapshot:
GDP growth target China did not set an economic growth target in the 2020 Government Work Report due to the COVID-19. But the country’s GDP still grew by 2.3 percent in 2020, making China the only major economy to achieve positive growth in the first year of the pandemic. In this year’s Government Work Report, China resumed the convention of setting the year’s GDP growth target. This year, the relevant figure is over 6 percent. Xiao Gang, a member of the 13th National Committee of the Chinese People’s Political Consultative Conference, the nation’s top political advisory body, and former chairman...
