News Snapshot:
(Bloomberg) -- Effects related to the Covid pandemic in recent months will make it challenging for China to meet its 5.5% annual growth target, a central bank adviser said, adding that pro-economy policies including special bond issuance could be on the way. China’s economy could see a strong rebound in the second half, “but difficulties remain for the 5.5% target,” Wang Yiming, an adviser to the monetary policy committee of the People’s Bank of China, said at a live-streamed forum Saturday. The country could consider trying to boost the economy by introducing special national bonds that don’t count as financial...
