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China’s Finance Ministry is set to propose a small increase in the targeted budget deficit for this year as officials seek to balance support for the economy with the need to keep control of debt levels.

The ministry agreed the proposed deficit target of 2.8 percent of gross domestic product at its annual work conference in December, two people familiar with the matter said. The figure, which compares with 2018’s target of 2.6 percent, will be presented for approval at the National People’s Congress, China’s legislature, in March. The final number could still change.

OTHER NEWS

Cơn bão Hồ sơ Panama lại vừa quét qua Hồng Kông và Trung Quốc đại lục một lần nữa. Thông tin mới tiết lộ nhiều tên tuổi lớn, trong đó lãnh đạo cấp cao Trương Cao Lệ của Trung Quốc và ngôi sao điện ảnh quốc tế Thành Long (Jackie Chan).

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China’s yuan will head in time to its weakest since 2008, and the country’s stock slump also has further to go, according to the veteran global economist George Magnus. The currency’s decline will only deepen as monetary policy on the mainland diverges from that of the Federal Reserve, Magnus said in a telephone interview this […]

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