China scraps GDP target in rough economic times, but some reformers cheer

May 22, 2020
Reformers hope the lack of an economic growth target means policymakers can move beyond short-term thinking toward longer-term priorities.
Workers at a shipyard in China's Jiangsu province. For the first time, China has not set a GDP growth target.
STR/AFP via Getty Images

China sets course for a "moderately prosperous" economy

Oct 26, 2017
Chinese President Xi Jinping was installed for another entirely expected five-year term by the Communist Party Congress this week. And in the course of a three-plus hour speech to open the Congress, Xi said something that hasn’t gotten much notice…