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China ‘Must’ Set GDP Growth Target This Year: State Researcher

  • Market expects no numerical target for a second year
  • State Council researcher says a target supports quality growth

China should go against market expectations and set a target for economic expansion in 2021 to ensure quality growth, a researcher at an influential government think-tank told state media.

“Without a certain pace of expansion, the quality of the economy doesn’t have support,” Zhang Liqun, a researcher at the Development Research Center of China’s State Council, said in an interview with the state-run China Internet Information Center. “I think it is necessary to set a goal for economic growth this year, and the conditions are in place for it,” he said, referring to the nation’s strong recovery from the Covid-19 outbreak.