China eyes 3% growth in 2020

18 June 2020 | Economics

China's economy may grow 3% this year as the government ramps up policy support, said Zhang Ming, a researcher at the Chinese Academy of Social Sciences, a top government think tank. Gross domestic product could return to 2% to 3% growth in the second quarter as factories step up production, Zhang said in a forum held online on Tuesday. China's economy shrank 6.8% in the first quarter, the first contraction on record. Highlighting the uncertain outlook, the government did not set a GDP growth target at its annual parliamentary gathering in May. Photo Nampa/Xinhua

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