Home / Market Update / China Likely to Avoid Setting 2021 GDP Target

China Likely to Avoid Setting 2021 GDP Target

China is reportedly said to abandon its GDP growth target for 2021, Reuters reports, citing sources familiar with the matter.

A government adviser, one of three sources saying the target will again be scrapped, noted: “We will not set an explicit target, but in reality, there will be a target. We will not emphasize the importance of achieving a target at all costs.”

Check Also

Market Drivers – US Session: After PPI Reading, US CPI Takes Center Stage, ECB “On Hold”

US Producer Price Index (PPI) inflation came in below expectations, bolstering bets of interest rate …