China’s economy went into free fall during the first two months of the year, stoking fears of a contraction in the first quarter of 2020. Photo: AP
China’s economy went into free fall during the first two months of the year, stoking fears of a contraction in the first quarter of 2020. Photo: AP

Coronavirus: China should drop 2020 GDP target as pandemic stokes uncertainty, says central bank adviser

  • Central bank adviser Ma Jun says China should not set an economic growth target this year due to damage caused by the coronavirus pandemic
  • Even GDP growth of between 4-5 per cent will be difficult as the pandemic spreads in the US and Europe, Ma says

China’s economy went into free fall during the first two months of the year, stoking fears of a contraction in the first quarter of 2020. Photo: AP
China’s economy went into free fall during the first two months of the year, stoking fears of a contraction in the first quarter of 2020. Photo: AP
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