China plans record 4pc budget deficit of GDP in 2025 to sustain 5pc growth target, sources say

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BEIJING, Dec 17 — Chinese leaders agreed last week to raise the budget deficit to 4 per cent of gross domestic product (...

The State Council Information Office, which handles media queries on behalf of the government, and the finance ministry did not immediately respond to a Reuters request for comment.

The previous “prudent” stance that the central bank had held for the past 14 years coincided with overall debt — including that of the government, households and companies — jumping more than five times.

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Category: EconomyBusiness

Markets: MalaysiaChinaUnited States

Topics: Budget Budget deficit Economy China

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Article Type: News Report

Published On: 2024-12-17 @ 13:11:31 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

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