Wednesday, April 17, 2024

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China to run budget gap of 3% of GDP in 2024, issue special debt 


Reuters exclusively reports that Chinese leaders agreed at an annual meeting on the economy this week to run a budget deficit of 3% of gross domestic product in 2024, while other fiscal support may be covered by off-budget debt.

Market Impact

While economic growth is on track for around 5% this year, it compares with a COVID-weakened 2022, and reaching a similar level in 2024 may need heavier fiscal support.

Article Tags

Topics of Interest: EconomyGovernment

Type: Reuters Best

Sectors: Economy & PolicyGovernment & Public Services

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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