China Plans Record Budget Deficit of 4% of GDP in 2025 to Counter Economic Headwinds
China’s leaders have agreed to raise the budget deficit to 4% of GDP in 2025, the highest on record, while maintaining an economic growth target of...
Etiket: fiscal stimulus
China Flags More Fiscal Stimulus for Economy, Leaves Out Key Details on Size
China announced plans to “significantly increase” debt to revive its economy, but withheld crucial information regarding the overall size of the stimulus package. This leaves investors...
China’s Industrial Profits Plunge in August, Deepening Economic Woes
China’s industrial profits faced their steepest decline this year, contracting sharply by 17.8% in August after a brief recovery of 4.1% in July, according to the...