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[V观] Is there enough room for China’s increasing deficit?  楼继伟答:赤字率还有增长空间吗

China’s Finance Minister Lou Jiwei, briefed the media on China’s economy in Beijing. When questioned over room to maneuver for China’s increasing deficit, Lou answered that fiscal revenue over the next few years shows a downward trend. With the proportion of fiscal revenue to GDP being 30%, a ratio much lower than that of developed countries, China can increase its deficit to GDP ratio, but not by too much. #2sessions #NPC #CPPCC

China’s Finance Minister Lou Jiwei, briefed the media on China’s economy in Beijing. When questioned over room to maneuver for China’s increasing deficit, Lou answered that fiscal revenue over the next few years shows a downward trend. With the proportion of fiscal revenue to GDP being 30%, a ratio much lower than that of developed countries, China can increase its deficit to GDP ratio, but not by too much. #2sessions #NPC #CPPCC

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