Will China lower its GDP target, or even scrap it altogether?

  
Analysis, Economy

Comments late in March from People’s Bank of China adviser Ma Jun expressed wariness of setting a target:

  • setting GDP target may force China to resort to flood-like stimulus
  • GDP growth between 4 to 5% will be difficult to achieve for China

Bloomberg have a follow-up piece

  • The coronavirus shock has influential Chinese economists and officials engaging in a previously unimaginable debate: should Beijing drastically reduce its economic growth target or even abandon it altogether?

The GDP target is usually set at the annual parliament meeting in March, which was delayed due to coronavirus.

A date for the National People’s Congress has still not been set, allowing for specuatliotn that perhaps there will be no GDP target this year.
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