The Chinese mainland is setting a bold economic tone, planning to raise its deficit-to-GDP ratio by one percentage point to 4% in 2025. According to the recent government work report, this move is designed to inject proactive policy support and harness the region's economic momentum for future growth.
ANZ Greater China Chief Economist Raymond Yeung explained in an interview with CGTN reporter Wang Tianyu that the increased deficit signals strong confidence in the economy's resilience. He believes this fiscal strategy will pave the way for sustainable growth and help counter global uncertainties.
For young professionals, students, and those passionate about global trends, this proactive measure underscores the Chinese mainland's commitment to innovation and long-term stability. Look out for more dynamic shifts in the economic scene as the region gears up to face future challenges! 🚀
Reference(s):
4% fiscal deficit signals proactive policy support: ANZ's economist
cgtn.com
