China should not set GDP growth target this year, even 4% – 5% growth is hard to achieve – PBOC advisor
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China should not set GDP growth target this year, even 4% – 5% growth is hard to achieve – PBOC advisor
STOCKS

China should not set GDP growth target this year, even 4% – 5% growth is hard to achieve – PBOC advisor

 

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An advisor to China's central bank said the country should not set an economic growth target this year given the high level of uncertainty from the coronavirus outbreak and avoid flood-like stimulus to achieve the goal, according to the state-run Economic Daily.

Ma Jun said that it's impossible for China to maintain a GDP growth of higher than 6 per cent this year. "Even growth of between 4 - 5 per cent will be difficult to achieve."

"Many economists have downgraded the forecasts to about 1 - 3 per cent, which I think . . .

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