China abandons economic growth target for first time in decades

Move suggests country may not reach goal of doubling 2010 GDP this year

20200522 xi and li

Chinese Premier Li Keqiang returns to his seat next to President Xi Jinping after announcing that due to "uncertainty regarding the COVID-19 pandemic," the government would not set an annual economic growth target for the first time in decades.  © Reuters

CK TAN, Nikkei staff writer

SHANGHAI -- Chinese Premier Li Keqiang did not announce an economic growth target for this year, marking the first time in three decades the government has skipped setting that goal in its annual blueprint.

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