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China plans major fiscal deficit increase in 2025 to support economic growth and recovery.
China plans a significant fiscal deficit increase in 2025 to support economic growth and recovery.
This proactive fiscal policy includes raising fiscal expenditure, increasing transfer payments to local governments, and issuing more government bonds.
The aim is to boost consumption and employment, particularly in small businesses, and support sectors like culture, tourism, and modern services.
The policy also considers long-term fiscal sustainability.
3 months ago
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