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The Chinese government abandoned its decadeslong practice of setting an annual target for economic growth amid the storm of uncertainty unleashed by the coronavirus pandemic, and said it would continue to increase stimulus.

Speaking at the National People’s Congress in Beijing on Friday morning, Premier Li Keqiang’s delivered an annual policy address that instead laid out a renewed focus on maintaining employment and investment. Against a backdrop of escalating tensions with the U.S., Li said Beijing remains committed to implementing the terms of the ‘phase one’ trade deal.

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