Sign in News Sport Reel Worklife Travel Future More Search

Home Video World UK Business Tech Science Stories Entertainment & Arts Health World News TV More

Business Market Data Global Trade Companies Entrepreneurship Technology of Business More

China scraps annual economic growth Top Stories

target for first time HK police fire tear gas at security
law protesters
22 May 2020 Share It is the first pro-democracy rally in Hong
Kong since China announced plans for a
Coronavirus pandemic new security law.
4 minutes ago

Afghan Taliban announce three-

day Eid ceasefire
1 hour ago

New allegations over UK PM top

aide's lockdown trip
47 minutes ago

Features

GETTY IMAGES

China will not set an economic growth goal for this year as it deals with the Farewell to a doughnut shop
fallout from the coronavirus pandemic. closed by coronavirus

It is the first time Beijing has not had a gross domestic product (GDP) target since
1990 when records began.

The announcement was made by Premier Li Keqiang at the start of the country's
annual parliament meeting.

The world's second largest economy shrank by 6.8% in the first quarter from a year
ago as lockdowns paralysed businesses.
Coronavirus health claims fact-
“This is because our country will face some factors that are difficult to predict in its checked
development due to the great uncertainty regarding the Covid-19 pandemic and the
world economic and trade environment,” Premier Li said.

China's Congress: Hong Kong, virus and money woes

US Senate passes bill that could delist China firms

What shape will the coronavirus recession be?

'I'm spending lockdown in Henry
How bad are China's economic woes?
VIII's palace'
The country's leadership has promised to boost economic support measures amid
growing concerns that rising unemployment could threaten social stability.

The move comes as tensions between Beijing and Washington are becoming
increasingly strained over the coronavirus pandemic, trade and Hong Kong.

On Thursday, President Donald Trump stepped up his attacks on China, suggesting

that the country’s leader, Xi Jinping, is behind a “disinformation and propaganda
attack on the United States and Europe.” 'My mother saw the coast was
clear and made a dash for it'
It came as Mr Trump and other Republicans have escalated their criticism of
Beijing's handling of the early stages of the outbreak.

Also on Thursday, China announced plans to impose new national security

legislation on Hong Kong after last year’s pro-democracy protests.

The announcement was met with a warning from Mr Trump that the US would react
“very strongly” against any attempt to gain more control over the former British
colony.
How a genocide suspect evaded
Separately, two US senators have proposed legislation to punish Chinese entities capture for 26 years
involved in enforcing the planned new laws and penalise banks that do business
with them.

Earlier this week, the US Senate unanimously passed a proposal to delist Chinese
companies from American stock exchanges if they fail to comply with US financial
reporting standards.

US-listed Chinese companies have come under increasing scrutiny in recent weeks
after Luckin Coffee revealed that an internal investigation found hundreds of Why reopening French schools is
millions of dollars of its sales last year were “fabricated”. a social emergency

Related Topics
China economy Coronavirus pandemic China US economy Donald Trump

Hong Kong 
The 3D artists helping fashion
through coronavirus

Share this story About sharing

More on this story

Was negligence behind India's
NPC: China's congress will be about Hong Kong, the virus and the economy deadly gas leak?
22 May 2020

Business

The simple foods that could

extend your life
Virus will lead to 'decade of Hertz files for bankruptcy Chinese retail giant sees
depression and debt' protection in US 'recovery' after virus
22 May 2020 Business 23 May 2020 Business 22 May 2020 Business

Elsewhere on the BBC

Lyrics quiz
Have you been getting
these songs wrong?

Feeling hot
What happens to your
body in extreme heat?

Most Read
Coronavirus: Dominic 1
Cummings 'made second
lockdown trip'

Western Australia prepares for 2

'once-in-a-decade' storm

Coronavirus: How scared should 3

we be?

Hong Kong police fire tear gas 4

as protesters decry China
security law plan

Louise Smith: Body in Havant 5

woods confirmed as missing
teenager

Coronavirus: 'Baffling' 6
observations from the front line

Prince William: Parenthood 7

brought Diana death emotions

Newspaper headlines: 8
Cummings faces fresh claims as
PM defends aide

Coronavirus: Daily update as 9

PM's aide faces new claims
about lockdown trip

'My mother died as she lived - 10

not wanting to make a fuss'

Why you can trust BBC News

BBC News Services

On your mobile On smart speakers Get news alerts Contact BBC News

Explore the BBC

Home News Sport Reel Worklife Travel

Future Culture Music TV Weather Sounds

Terms of Use About the BBC Privacy Policy Cookies Accessibility Help Parental Guidance Contact the BBC Get Personalised Newsletters

Advertise with us AdChoices / Do Not Sell My Info

Copyright © 2020 BBC. The BBC is not responsible for the content of external sites. Read about our approach to external linking.