PBOC Officials Say China Can Handle Raising Budget Deficit to 4%

  • Low levels of government debt can help sustain higher deficits
  • Top Chinese officials meet next month to set economic plans

Chinese Stocks Tumble Most in a Month

China is able to increase its budget deficit to 4 percent of gross domestic product as the government seeks to cut corporate taxes, central bank officials wrote in an article on the Economic Daily’s website.

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