Raising budget deficit ratio a necessity: Vice finance minister
BEIJING - Raising the budget deficit ratio and cutting taxes are necessary to combat downward economic pressure, according to China's vice finance minister. The government must expand its spending and lower investment and operation costs for businesses to boost growth, vice finance minister Liu Kun was quoted as saying in "China Economic and Financial News" on…
China's Government Debt To GDP (%)
Value Of New Yuan Loans Provided By Chinese Banks
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