Beijing Scraps GDP Target, a Bad Sign for World Reliant on China Growth

BEIJING—China broke with additional than a quarter-century of tradition by not issuing an financial growth goal for 2020, a stark acknowledgment of the issues going through the world’s second-largest economic system as it grapples with uncertainties all-around the coronavirus pandemic.

The unusual move—it’s the first time a formal goal has been omitted since the apply started in 1994—suggests Beijing’s leaders aren’t keen to unleash a large-scale stimulus immediately after China’s sharpest contraction in four a long time. It foreshadows additional financial suffering…