China Considers Dropping Numerical GDP Growth Target for 2020

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May.06 -- Michelle Lam, Greater China economist at Societe Generale, discusses the possibility of China not setting a numerical target for economic growth this year and replacing it with a description of the goal for GDP growth. She speaks on “Bloomberg Markets: China Open.”
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Five months later, we can see how much GDP decrease for the U.S.

CS-blsz
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She didn't mention this. But China needs to devalue their currency if they want to keep exporting. So I'm sure the head of exports just sent a text message to the head of GDP: "Hey bro. We need to devalue the currency so can you report a contraction? Thx" Then the GDP guy was like "fine I'll put a negative sign in front of the number".

ronaldevans