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As COVID-19 continues to affect economies, China’s deficit to GDP ratio this year is likely to remain at a level slightly higher than usual, experts and analysts said on Monday. Yet, targeted fiscal spending must be improved to invigorate the market and guide high-quality development, they said. Zhou Mi, a researcher at the Chinese Academy .

Liu kunShi yinghuaZhou miChinese academy of internationalChinese academy of fiscal sciencesInternational monetary fundChinese academyInternational tradeEconomic cooperationCentral economic workFive year planFiscal sciences