China plans record budget deficit of 4% of GDP in 2025, up from 3%

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These targets are usually not announced officially until an annual parliament meeting in March.

Reuters reported last month that government advisers had recommended Beijing not to lower its growth target.

The two sources said China will maintain an unchanged GDP growth target of around 5 per cent in 2025.

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Category: BusinessFinance

Markets: IndiaChinaUnited States

Topics: Indian GDP US President Beijing Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 10:58:45 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 651 words

Reading Time: 4 minutes read

Sentences: 29 lines

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News ID: 24491502

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