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2020-05-22 13:20:00

CHINA'S ECONOMY DOWN 6.8%

CHINA'S ECONOMY DOWN 6.8%

REUTERS - MAY 22, 2020 - China dropped its annual growth target for the first time on Friday and pledged more government spending as the COVID-19 pandemic hammers the world's second-biggest economy, setting a sombre tone to this year's meeting of parliament.

The omission from Premier Li Keqiang's work report marks the first time China has not set a target for gross domestic product (GDP) since the government began publishing such goals in 1990.

The economy shrank 6.8% in the first…

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Earlier:

CHINA'S ECONOMY DOWN 6.8%
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Tags: CHINA, ECONOMY, GDP
Chronicle:
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