That China's 2020 Government Work Report did not mention specific growth target is within expectation.
It's difficult for the #GDPGrowth target to fully incorporate all problems and risks, and to fully reflect the quality and structure of the Chinese economy. A simple GDP target could push #China into a GDP trap, ignoring the principal contradiction and core risks it faces.
Instead of setting a growth target this year, China will place higher priority on ensuring the stability of employment and living standards.
But not setting growth target does not mean that China does not value economic growth or will allow it to decline. There is a very important sentence in the Government Work Report, that is, “ensuring stable economic performance is of crucial significance”.
At present, China has two top priorities: to stabilize employment and ensure people's wellbeing, and to resolutely win the battle against poverty. Both need to be supported by a certain level of economic growth.
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