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    Economy

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

    1
    2020-05-22 09:20:13Xinhua Editor : Gu Liping ECNS App Download
    Special: 2020 Two Sessions

    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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