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Faced with the scale of the crisis, the Chinese government has abandoned a growth target

2020-05-22T19:11:01.300Z


The danger for the regime is not so much the economic crisis, but the breach of a social contract.It is a first since 1990. The Communist Party breaks with its tradition of publishing a quantified target for the growth of its GDP. Premier Li Keqiang, in his annual report to Parliament in which he is used to setting the broad outlines of the country's economic policy, said that China's economic development would be "affected by a variety of factors." difficult to predict ” . "This is mainly due...


It is a first since 1990. The Communist Party breaks with its tradition of publishing a quantified target for the growth of its GDP. Premier Li Keqiang, in his annual report to Parliament in which he is used to setting the broad outlines of the country's economic policy, said that China's economic development would be "affected by a variety of factors." difficult to predict ” . "This is mainly due to the high uncertainty linked to the evolution of the epidemic and of the economic and commercial conditions in the world" , he declared Friday to the more than 3000 deputies and to the handful of journalists present to the People's Assembly.

Read also: Facing Trump, "red emperor" Xi Jinping walks a tightrope

The objectives of inflation, + 3.5%, up slightly compared to last year and unemployment - + 6% - are maintained. The government also announced that it would drop the budget deficit, which will drop from 2.8% to 3.6% of GDP. A first again. In order to support the recovery

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Source: lefigaro

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