News Snapshot:
China Hints At Missing Economic Growth Target Amid Banking Crisis, Declining Population Chinese leaders muted expectations of economic growth in the second half of 2022, all but acknowledging that China will miss its growth target for this year, The Wall Street Journal reported Thursday. China’s policy-making body, referred to in shorthand as the Politburo, urged more productive provinces to meet their annual economic growth targets in a quarterly economic meeting and implied that others were not expected to reach their objectives, according to the WSJ. The Politburo vowed to promote economic growth within “a reasonable range” in a statement Thursday...
