China will not set an economic growth goal for this year due to coronavirus pandemic
China has decided not to set any economic growth goal this year. This is the first time that China has not had a GDP target since 1990 when records began. The announcement was made by Premier Li Keqiang at the start of the country's annual parliament meeting. The world's second largest economy shrank by 6.8% in the first quarter from a year ago as coronavirus lockdowns hampered businesses and has hard hit China's economy.