Confronted with the COVID-19 pandemic, and the gradual recovery of China's economy, China has set the deficit-to-GDP ratio for the year at around 3.2 percent, slightly lower than that of last year, Li said, adding "no COVID-19 bonds will be issued." Li also said that Chin...
China's deficit-to-GDP ratio target this year is proactive and realistic, Liu Kun, Minister of Finance said on Thursday. He made the remarks at a press conference on the sidelines of the annual session of the National People's Congress, the country's national legislature....
BEIJING, March 5 (Xinhua) -- China has set the ratio of its deficit to gross domestic product (GDP) at around 2.8 percent for 2022, slightly lower than last year, according to a government work report submitted Saturday to the national legislature for deliberation.■...
BEIJING, March 7 (Xinhua) -- China's deficit-to-GDP ratio target this year is proactive and realistic, China's finance minister said Thursday. The appropriate increase of the deficit-to-GDP ratio is an important decision of the Communist Party of China Central Committee and the State Council...
China's debt to GDP level is still lower than other major world economies, however. The U.S. had a total debt-to-GDP ratio of about 260 per cent by the end of last year, while the U.K.'s ratio was at 277 per cent. Japan topped the world table at 415 per cent, according to...
The deficit-to-GDP ratio was kept at 2.8 percent, and central government revenue and expenditure were in line with budget projections, with expenditure slightly lower than the budgeted figure. A basic equilibrium was maintained in the balance of payments, and the RMB exchange rate remained stable...
Export to Import Ratio (%) 133.003 Dec 2023 monthly Jan 1992 - Dec 2023 Trade Balance (USD mn) 97,443.1 Nov 2024 monthly Jan 1992 - Nov 2024 Total Exports (USD mn) 312,310.5 Nov 2024 monthly Jan 1992 - Nov 2024 Total Exports Growth (%) 28.1 Oct 2021 monthly May 2009 - Oct ...
And since the Chinese government's debt is lower than 60 percent of GDP, it has enough room for increasing public expenditure in order to boost demand. This is a luxury few countries can afford given the high ratio of government debt to GDP. For instance, in the United States, the corres...
Export to Import Ratio (%) 133.003 Dec 2023 monthly Jan 1992 - Dec 2023 Trade Balance (USD mn) 97,443.1 Nov 2024 monthly Jan 1992 - Nov 2024 Total Exports (USD mn) 312,310.5 Nov 2024 monthly Jan 1992 - Nov 2024 Total Exports Growth (%) 28.1 Oct 2021 monthly May 2009 - Oct ...
BEIJING, March 7 (Xinhua) -- The proactive direction of China's fiscal policy remains the same for 2018 despite a lower deficit-to-GDP ratio target, Chinese finance minister said Wednesday. The government deficit is projected to be 2.38 trillion yuan (about 380 billion U.S. dollars), genera...