China faces challenging times as it forgoes GDP target

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Chinese President Xi Jinping, left, and Premier Li Keqiang applaud during the second plenary session of China's National People's Congress at the Great Hall of the People in Beijing, on May 25 © AP

NIKKEI EDITORIAL

Chinese Premier Li Keqiang revealed at the annual session of the National People's Congress that the government will not be setting an economic growth target for this year.

The GDP announcement is one of the highlights of the annual session of the NPC, China's parliament, which in a normal year begins in early March. But this is no normal year, and skipping the announcement of the growth target betrays just how much uncertainty the Chinese leadership is feeling toward the days ahead.

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