Policy

China's deficit-to-GDP ratio target at over 3.6 pct in 2020

Xinhua News,BEIJING
2020-05-22 09:10

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BEIJING, May 22 (Xinhua) -- China's deficit-to-GDP ratio this year is projected at more than 3.6 percent, according to a government work report submitted to the national legislature for deliberation on Friday.

The ratio was 0.8 percentage points higher than that of last year.

The deficit increase is projected at 1 trillion yuan (about 141.6 billion U.S. dollars) over last year, said the report.
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