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
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

Topic |   China economy
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
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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