China raises budget deficit target to levels not seen since at least 2010 to shore up growth

China on Wednesday announced plans to raise its fiscal deficit to around 4% of gross domestic product, a rare increase that marks a meaningful shift in policy.

Mar 5, 2025 - 03:26
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China raises budget deficit target to levels not seen since at least 2010 to shore up growth
China on Wednesday announced plans to raise its fiscal deficit to around 4% of gross domestic product, a rare increase that marks a meaningful shift in policy.