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 China...
China has set its projected deficit-to-GDP ratio to 3 percent for 2024 and targeted a whole-year inflation rate of around 3 percent, according to the report, which has been submitted to the country's top legislature for deliberation. Meanwhile, China, as laid out in the report, aims to ...
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.■...
China's higher deficit-to-GDP ratio target for 2019 is proactive and realistic, Finance Minister Liu Kun told the media during a press conference on the sidelines of the annual session of the National People's Congress, the country's top legislative body....
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...
year. A total of 12.06 million urban jobs were added, with the year-end surveyed urban unemployment rate falling to 5.5 percent. The consumer price index rose by 2 percent. The total volume of trade in goods rose by 7.7 percent, while the deficit-to-GDP ratio was kept at 2.8 percent....
— 2024 GDP growth target: around 5 percent — Creating over 12 million jobs in urban areas — Ratio of deficit to GDP: 3 percent — Special-purpose bonds for local governments: 3.9 trillion yuan — Issuing ultra-long special tr...
Meanwhile, the work report proposed to set China’s deficit-to-GDP ratio at 3 percent for 2023, 0.2 percentage points higher than that in 2022, as China puts an emphasis on expanding domestic demand as one of its key agenda items for driving economic growth. ...
year. A total of 12.06 million urban jobs were added, with the year-end surveyed urban unemployment rate falling to 5.5 percent. The consumer price index rose by 2 percent. The total volume of trade in goods rose by 7.7 percent, while the deficit-to-GDP ratio was kept at 2.8 percent. ...
According to the Communiqué, the ratio of R&D expenditure to GDP reached 2.44 percent in 2021, an increase of 0.03 percentage point over the previous year. Liu explained that the ratio of R&D spending to GDP, or the R&D input intensity, is not only an important indicator of a country's ...