Independent economists agree it would be unrealistic for Beijing to pursue its original target of 6 per cent growth this year, given the International Monetary Fund has projected growth of only 1.2 per cent. Photo: AFP Independent economists agree it would be unrealistic for Beijing to pursue its original target of 6 per cent growth this year, given the International Monetary Fund has projected growth of only 1.2 per cent. Photo: AFP
Independent economists agree it would be unrealistic for Beijing to pursue its original target of 6 per cent growth this year, given the International Monetary Fund has projected growth of only 1.2 per cent. Photo: AFP

Coronavirus: China seen pursuing lower 2020 economic growth target after historic first quarter contraction

  • China’s economy contracted 6.8 per cent in the first quarter of 2020, the first contraction since quarterly records began in 1992
  • Hubei province reported a 39.2 per cent economic contraction in the first quarter of this year as lockdown measures took a toll

Topic |   Coronavirus pandemic
Independent economists agree it would be unrealistic for Beijing to pursue its original target of 6 per cent growth this year, given the International Monetary Fund has projected growth of only 1.2 per cent. Photo: AFP Independent economists agree it would be unrealistic for Beijing to pursue its original target of 6 per cent growth this year, given the International Monetary Fund has projected growth of only 1.2 per cent. Photo: AFP
Independent economists agree it would be unrealistic for Beijing to pursue its original target of 6 per cent growth this year, given the International Monetary Fund has projected growth of only 1.2 per cent. Photo: AFP
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