People taking photographs on an elevated platform at Chaotianmen Square in Chongqing, China. China’s top leadership will set the target for economic growth at"about 6%” for 2020 as they meet this week for their annual policy conclave, according to a survey of economists. - ANN
The closed-door gathering lays down priorities for economic policy for the coming year and sets targets for gross domestic product growth, the fiscal deficit and inflation. The details aren’t released until legislative meetings in March. Chinese officials face a tough combination of slowing growth and rising inflation driven by soaring pork prices, and trade frictions with the U.S. that could be about to worsen if U.S. President Donald Trump goes ahead with a threatened tariff escalation on Dec 15. Top economists spar over how much slower growth should go
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