China’s Communist Party leaders say the GDP goal is guidance, not a target

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China’s Communist Party leaders say the GDP goal is guidance, not a target

Bloomberg with the headline. There is no way the 'around 5.5%' target previously announced will be reached, so the CCP is moving the goalposts. We had

Bloomberg with the headline.

There is no way the ‘around 5.5%’ target previously announced will be reached, so the CCP is moving the goalposts.

We had indications of this in mid-July:

And again just last week:

There is some encouragement to be taken from the regard for data overcoming the groupthink and brown-nosing amongst he top of China’s elite.

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