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CHINA PRESS: China's Deficit Ratio Likley To Exceed 3% In 2025

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

China’s deficit-to-GDP ratio is expected to exceed 3% next year, with the possibility to approach or even exceed historical high, Economic Information Daily reported citing Guo Kai, executive director of China Finance 40 Forum. Meanwhile, authorities should increase the issuance of ultra-long-term special treasuries to support major infrastructure projects given the reasonable financing cost, the daily said citing Guo. The central bank will also likely lower the policy interest rate and inject medium- and long-term liquidity via a reserve requirement ratio cut and secondary market treasury trading to support government bond sales, the newspaper said citing Wang Qing, analyst with Golden Credit Rating. 

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China’s deficit-to-GDP ratio is expected to exceed 3% next year, with the possibility to approach or even exceed historical high, Economic Information Daily reported citing Guo Kai, executive director of China Finance 40 Forum. Meanwhile, authorities should increase the issuance of ultra-long-term special treasuries to support major infrastructure projects given the reasonable financing cost, the daily said citing Guo. The central bank will also likely lower the policy interest rate and inject medium- and long-term liquidity via a reserve requirement ratio cut and secondary market treasury trading to support government bond sales, the newspaper said citing Wang Qing, analyst with Golden Credit Rating.