China took the unprecedented step of coronavirus


www.vsyako.netPhoto: Carlos Garcia Rawlins / Reuters

The Chinese authorities took the unprecedented step in the economy due to pandemic coronavirus. Beijing for the first time since 1994, when he began to keep statistics, have refused to set targets for GDP growth for 2020, writes The Wall Street Journal.

Investors reacted to negative news from China. The price of oil on Friday morning, 22 may, has fallen by 5-6 percent. The July futures for mix Brent fell below 34 dollars a barrel, the contracts for the supply of American oil WTI at the moment fall below 31 dollars per barrel.

The Chinese economy began to slow down before the onset of the pandemic coronavirus. In 2019, the government has set the target for GDP growth in the range of 6 to 6.5 percent. For the year the index rose only 6.1 percent, which was at least 29 years.

Video, photo All from Russia.


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