PhD Candidate @Uva_AISSR | (International) Political Economy, quantification, Chinese politics | Thesis: Politics of Macroeconomic Indicators: GDP in China
May 22, 2020 • 5 tweets • 4 min read
China abandons GDP target for first time in decades. Historical decision, significance goes beyond current COVID-19 crisis. (1/5) #GDP#China#TwoSessions bit.ly/2XqPG8a
Very wise to drop GDP target. Many, including Liu He, probably want to see it disappear permanently. But GDP target much more than a policy goal. GDP growth = foundation CCP's legitimacy for over 30 yrs. Scrapping 2020 target also affects CCPs long-term promises and goals.. (2/5)