It is believed China needs to meet an economic growth target of 5.6 per cent this year to meet President Xi Jinping’s goal of building a “comprehensively well-off” society by 2020. Photo: Reuters It is believed China needs to meet an economic growth target of 5.6 per cent this year to meet President Xi Jinping’s goal of building a “comprehensively well-off” society by 2020. Photo: Reuters
It is believed China needs to meet an economic growth target of 5.6 per cent this year to meet President Xi Jinping’s goal of building a “comprehensively well-off” society by 2020. Photo: Reuters

Coronavirus: China’s premier shrugs off likely first quarter economic growth contraction as ‘not a big deal’

  • China was expected to announce its 2020 gross domestic product (GDP) growth target of ‘around 6 per cent’ at National People’s Congress before it was postponed
  • Premier Li Keqiang says China is now focused on stabilising employment with analysts predicting China’s first economic contraction since 1976 in the first quarter

Topic |   Coronavirus pandemic
It is believed China needs to meet an economic growth target of 5.6 per cent this year to meet President Xi Jinping’s goal of building a “comprehensively well-off” society by 2020. Photo: Reuters It is believed China needs to meet an economic growth target of 5.6 per cent this year to meet President Xi Jinping’s goal of building a “comprehensively well-off” society by 2020. Photo: Reuters
It is believed China needs to meet an economic growth target of 5.6 per cent this year to meet President Xi Jinping’s goal of building a “comprehensively well-off” society by 2020. Photo: Reuters
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