Tag: #China set the budget deficit

China’s State Council sets 2023 deficit-to-GDP ratio at 3%, up from 2022’s 2.8%

Chu Daye March 09, 2023

China’s State Council sets 2023 deficit-to-GDP ratio at 3%, up from 2022’s 2.8%

China's deficit-to-GDP ratio is set at 3 percent for 2023, according to the Government Work Report submitted by the State Council, the cabinet, on Sunday to the national legislature for deliberation, as China puts an emphasis on expanding domestic demand as one of its key agenda items for...More