China Sees Needs to Increase 2025 Fiscal Deficit, Cut RRR

China Sees Needs to Increase 2025 Fiscal Deficit, Cut RRR

China sees need to increase fiscal deficit ratio in 2025 and says required reserve ratio and interest rates will be cut at an appropriate time, according to state media.

Top officials led by President Xi Jinping made the vows during a two-day huddle of the Central Economic Work Conference in Beijing, according to state broadcaster China Central Television.

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