China drops reference to economic growth target amid COVID fight

132

China’s communist party has backed off its yearly economic growth target of 5.5% as it doubles down on an ultra-strict “zero COVID” policy that has pummeled consumer spending, manufacturing and trade.

According to a state media report on Thursday, authorities would also “resolutely and conscientiously” implement Beijing’s policies for controlling COVID-19, which include lockdowns, mass testing and border controls.

While President Xi Jinping has pledged to minimize the economic effect of pandemic relief efforts, the Chinese leader has repeatedly ruled out any fundamental change from the “zero COVID” strategy, which aims to eliminate the virus

The report said authorities would also “resolutely and conscientiously” implement Beijing’s policies for controlling COVID-19, which include lockdowns, mass testing and border controls.

The party announcement appears to acknowledge that Beijing will not reach its growth target for 2020 and underscores the lengths to which Xi is willing to go to keep COVID-19 under control as the Chinese leader vies for an unprecedented third term in power later this year.

After a party meeting in April, state media said China would “work hard” to meet its economic and other development targets.




Leave a Reply

Your email address will not be published.