China raises budget deficit target to levels not seen since at least 2010 to shore up growth

China on Wednesday announced plans to raise its fiscal deficit to around 4% of gross domestic product, a rare increase that marks a meaningful shift in policy.

China raises budget deficit target to levels not seen since at least 2010 to shore up growth
China on Wednesday announced plans to raise its fiscal deficit to around 4% of gross domestic product, a rare increase that marks a meaningful shift in policy.