Beijing Scraps GDP Target, a Bad Sign for World Reliant on China Growth

BEIJING—China broke with much more than a quarter-century of custom by eschewing an economic advancement concentrate on for 2020, a stark acknowledgment of the issues going through the world’s 2nd-largest financial state as it grapples with uncertainties around the coronavirus pandemic.

The abnormal move—it’s the first time a formal concentrate on has been omitted because the follow began in 1994—suggests Beijing’s leaders aren’t keen to unleash a massive-scale stimulus immediately after China’s sharpest contraction in four many years. It foreshadows much more economic agony…