Several of China’s provincial governments have released their economic growth targets for 2021, but policy advisers say that as in 2020, the central government is unlikely to set a national goal for the year, reported the South China Morning Post.
Beijing said last week that the Chinese economy expanded by 2.3% in 2020 and that it would maintain its support policies to ensure growth remained at a reasonable level in 2021.
Authorities in Guangdong, China’s largest provincial economy, said on Sunday it had set a growth target of “above 6%” for 2021, up from a goal of “about 6%” for the previous year, reported the SCMP.
Both Shanghai and Beijing released growth targets of “more than 6%” for 2021, after similarly aiming for “about 6%” for 2020. In Hainan, an island province that the central government has earmarked to become a free-trade port like Hong Kong, said on Sunday that its economic growth would be “no less than 10%” in 2021, up from “about 6.5%” for 2020.