From:ChinaDaily | 2021-02-18 07:14
It may be a better option for China to pay less attention to its GDP growth target this year or even set no growth target for a second consecutive year as it focuses on a high-quality development agenda, economists said on Wednesday.
One of the hottest topics surrounding key annual meetings set for March called the two sessions is whether Beijing will retain its headline GDP growth target, they said. The question may signal key changes in economic policymaking as China embarks on the 14th Five-Year Plan (2021-25) period, the economists added. The two sessions, the annual gatherings of the country s top legislature and political advisory body, would demonstrate to the public that China focuses on high-quality growth and not just chasing after a numerical target, said Iris Pang, chief China economist at Dutch bank ING.