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Key takeaways from Chinese government’s annual work report

Here are some key takeaways from Premier Li’s government work report on Saturday. The government is pursuing a more proactive fiscal policy in 2016 with a budget deficit of 2.2 trillion yuan, which is 560 billion yuan more from last year. The fiscal deficit will account for 3 percent of 2016 gross domestic product, to ensure a “reasonable range” of growth in a year that is expected to see more economic challenges.

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