Economics
Virus Puts China’s Main Economic Goals on a Collision Course
- Growth slump threatens 2020 target to double per-capita GDP
- UBS AG sees 2020 growth at 5% if virus disrupts next quarter
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Two sweeping goals have dictated the direction of China’s economic policy during President Xi Jinping’s presidency: Doubling per-person GDP and household incomes over the 10 years ending this December and containing an explosion in debt.