The economy is being worsened by the trade war with the United States, meaning the proposed deficit expansion is smaller than many economists had forecast. Photo: AP

China to set fiscal deficit to gross domestic product at 2.8 per cent

  • Finance Ministry said to have agreed proposed deficit target of GDP at December’s Central Economic Work Conference
  • The figure, which will be presented for approval at the National People’s Congress in March, compares with 2018’s target of 2.6 per cent
Topic |   China economy

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The economy is being worsened by the trade war with the United States, meaning the proposed deficit expansion is smaller than many economists had forecast. Photo: AP
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