Nation focuses on quality development
China's decision not to set a GDP growth target this year does not mean it has attached less importance to economic growth, but instead shows the authorities are paying greater attention to high-quality development, economists said after Premier Li Keqiang delivered the Government Work Report to the opening of the third session of the 13th National People's Congress on Friday.
In the report, Li said China will not set a GDP growth target for this year and will take a number of forceful financial measures to shore up the economy, which has been hit by the COVID-19 pandemic.
President Xi Jinping, who is also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, and other leaders attended the meeting at the Great Hall of the People in Beijing.