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CHINA PRESS: China Seen To Raise Deficit In 2025

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

China is expected to raise its deficit-to-GDP ratio higher next year from 2024’s 3%, following the Ministry of Finance’s pledge to increase fiscal policy intensity, Securities Times reported, citing analysts. The country’s CNY10 trillion debt-swap plan will ease balance sheet pressure on local governments and financing vehicles, and increase their infrastructure investment capacity. The plan also allows local authorities to clear arrears owed to companies and boost business confidence and profitability, the newspaper said, citing analysts.

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China is expected to raise its deficit-to-GDP ratio higher next year from 2024’s 3%, following the Ministry of Finance’s pledge to increase fiscal policy intensity, Securities Times reported, citing analysts. The country’s CNY10 trillion debt-swap plan will ease balance sheet pressure on local governments and financing vehicles, and increase their infrastructure investment capacity. The plan also allows local authorities to clear arrears owed to companies and boost business confidence and profitability, the newspaper said, citing analysts.