China Reins Back On GDP Target As Economy Slows
The Independent|August 03, 2022
China’s economic growth target of 5.5 per cent should be treated as “guidance” and not a hard target, the country’s leaders have reportedly told government officials as Beijing appeared set to miss the goal by a large margin.
Namita Singh
China Reins Back On GDP Target As Economy Slows

In the meeting with ministerial and provincial-level officials, the leaders said they would not be penalised for failing to achieve the target, nor would it be used as a basis to evaluate their performance, reported Bloomberg, citing sources. They also allegedly acknowledged that China was unlikely to meet the target.

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