In its latest government work report, the Chinese mainland announced plans to raise its deficit-to-GDP ratio by one percentage point, setting a 4% target for 2025. This proactive move is viewed as a strategic push to harness the nationās economic momentum and pave the way for sustainable growth.
ANZ Greater China Chief Economist Raymond Yeung explained in an interview with CGTN reporter Wang Tianyu that the increased fiscal deficit signals a deliberate policy effort. Yeung noted that the measure is intended to stimulate investments in infrastructure, technology, and sustainable development, reinforcing confidence among investors and young global citizens alike.
This fiscal strategy reflects a broader trend of governments adopting forward-looking policies to navigate global market uncertainties. For entrepreneurs, tech enthusiasts, and changemakers, the Chinese mainland's approach offers a real-world example of how targeted fiscal support can drive long-term economic transformation.
Reference(s):
4% fiscal deficit signals proactive policy support: ANZ's economist
cgtn.com
