Tag: GDP

China fails to set GDP target, pledges more than $ 400 billion to support economy affected by coronaviruses

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China fails to set GDP target, pledges more than $ 400 billion to support economy affected by coronaviruses

The Chinese government has announced nearly $ 430 billion in stimulus funding to help the world’s second largest economy remain stable. Key points: The Chinese economy contracted 6.8% in the three months ending March.The Communist Party has set no growth targets, usually a closely watched feature of government plans. first economy to reopen but struggles ….  Read More