China Abandons Growth Target for Year as Coronavirus Disrupts Economy

Parting with years of precedent, China abandoned its growth target for 2020, in an acknowledgment that restarting its economy after the coronavirus outbreak will be a slow and difficult process. In his annual report to lawmakers meeting Friday in Beijing, Premier Li Keqiang said that the country has made major achievements in its response to the coronavirus epidemic and that economic development was a top priority. But he did not set a…