China will not set a target to double gross domestic product (GDP) from 2021, a senior Communist Party official said on Thursday, as top leaders pledge to focus on better quality economic growth in the long term. Yang Weimin, vice minister of the Office of the Central Leading Group on Financial and Economic Affairs, told a news conference the government will not solely pursue economic expansion and will emphasise the quality of its growth. A shift away from ambitious long-term government growth targets would be a departure from past practice in China and mark a new strategy for ...
China will not set target to double GDP from 2021: Party official
It could also give Chinese policymakers more room in theory to press ahead with painful, structural reforms