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Economists See China Keeping GDP Target Though It Shouldn't

  • Economists expect China to keep a 6.5% expansion goal in 2018
  • Xi skips a previous line of doubling GDP by 2020 in key report
Delegates and members of the media leave the Great Hall of the People following the closing session of the 19th National Congress of the Communist Party of China in Beijing, China, on Tuesday, Oct. 24, 2017. China's ruling Communist Party approved a revised charter that enshrined President Xi Jinping's name under its guiding principles, elevating him to a status that eluded his two immediate predecessors.
Photographer: Qilai Shen/Bloomberg
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Xi Jinping has signaled a move away from China’s growth-at-all-costs approach, even eschewing repetition of a key expansion goal when he outlined his vision for the future last week. But old habits die hard.

China should scrap annual gross domestic product growth targets altogether, according to all but three economists of 17 who responded to that question in a survey by Bloomberg News Oct. 19 to 25. Yet none forecast leaders will do so.