China plans record budget deficit, around 5% growth goal in 2025: Sources

Quick Summary:

A wider budget gap is part of plans to counter Trump tariff threats.

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.

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.

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Cent Fiscal China’s Economic Government Media 2025 Sources Impact Target Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 14:47:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 620 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24495257

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 17 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions