China’s 4% Fiscal Deficit Signals Proactive Policy Push: ANZ Analysis
China’s plan to increase its fiscal deficit to 4% of GDP signals proactive economic strategies, says ANZ’s Raymond Yeung amid growth focus.
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China’s plan to increase its fiscal deficit to 4% of GDP signals proactive economic strategies, says ANZ’s Raymond Yeung amid growth focus.
China announces a proactive fiscal strategy focused on five key areas, aiming to stimulate economic growth and bolster market confidence amid global uncertainties.
China launches record $1.66 trillion fiscal package with ultra-long-term bonds targeting tech innovation, green energy, and infrastructure modernization to fuel economic transformation.
China sets 2025 growth target at 5%, reinforcing its role in global economic stability through innovation and expanded international cooperation.
The Chinese mainland is set to adopt a more proactive fiscal policy in 2023, increasing the deficit-to-GDP ratio to around 4% and the government deficit to 5.66 trillion yuan.