Home » Markets » China drops growth target, pledges spending to ease coronavirus impact
China drops growth target, pledges spending to ease coronavirus impact
Fox Business Flash top headlines for May 21
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.
Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here.
Continue Reading Below
China is holding off on setting a growth target as it tries to revive its economy battered by the coronavirus.
China will instead put its focus on fighting the disease.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
A top Chinese economic official on Friday promised higher spending to boost the economy and curb surging job losses.
The battle against the virus “has not yet come to an end,” warned Premier Li Keqiang in a report to China’s ceremonial legislature. He called on the country to “redouble our efforts” to revive the struggling economy.