Kevin Yao

Kevin Yao


China could ditch 2021 GDP target over fears it’ll encourage debt 

China could ditch 2021 GDP target over fears it’ll encourage debt 

China will likely avoid setting a 2021 growth target over concerns that maintaining one could encourage provincial economies to ramp up debt, policy sources have said.The world's second-biggest economy eked out 2.3% of growth last year despite the ravages of a worldwide pandemic that emerged from the central city of …

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China to concede economy will slow

China concedes economy is slowing

BEIJING: China's leaders are poised to endorse a lower economic growth target for Beijing's next five-year plan compared with 2016-2020, as authorities navigate growing challenges fuelled by a deepening rift with the United States, policy sources said.President Xi Jinping and other leaders are expected to discuss and approve China's economic …

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Reform hopes rise as China focuses on domestic economy

Reform hopes rise as China focuses on domestic economy

Chinese reform advocates are hoping President Xi Jinping's proposed new economic model, expected to be the centrepiece of a key conclave next month, is an opportunity to quicken changes to spur domestic demand and tackle structural woes.The new development model will be discussed at a meeting of the ruling Communist …

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