Reported 1 day ago
China's finance ministry has announced intentions to increase public spending in 2025 with a focus on enhancing consumption to support the economy against challenges such as upcoming US tariffs. Following a national conference, officials committed to accelerate fiscal spending, raise the budget deficit to 4% of GDP, and enhance consumer programs. Despite a planned growth goal of around 5%, economists suggest the expected fiscal stimulus may still be insufficient to address deeper economic issues.
Source: YAHOO