Bloomberg
Why China Can’t End Its Romance With GDP Growth Target
(Bloomberg) — In a battle between those who love or hate China’s economic growth target, a compromise appears to have emerged: a goal low enough to be more easily ignored.China’s leaders have an ambivalent relationship with the gross domestic product target they have set almost every year since the 1990s. It’s celebrated as the key to mobilizing millions of bureaucrats who compete for promotions by increasing growth…
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