China plans record budget deficit of 4% of GDP in 2025
Financial Express Lucknow|December 18, 2024
● New plan compares with an initial target of 3% of 2024 GDP
REUTERS

CHINESE LEADERS AGREED last week to raise the budget deficit to 4% of gross domestic product (GDP) next year, its highest on record, while maintaining an economic growth target of around 5%, two sources with knowledge of the matter said.

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