Chinese President Xi Jinping stepped up support for the world’s second-biggest economy, issuing additional sovereign debt, raising the budget deficit ratio and even making an unprecedented visit to the central bank. The nation’s legislature approved a plan to raise the fiscal deficit ratio for 2023 to about 3.8 percent of gross domestic product, the official
China has appointed Lan
Foan, a technocrat with little central government experience, as
the new finance minister, state media said on Tuesday, as the
government ramps up fiscal stimulus in a bid to. -October 24, 2023 at 08:34 am EDT
- MarketScreener
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