May 22, 2020 / 1:38 AM / 2 days ago

China sets 2020 budget deficit target of at least 3.6% of GDP

FILE PHOTO: Chinese President Xi Jinping and Premier Li Keqiang arrive for the opening session of the Chinese People's Political Consultative Conference (CPPCC) at the Great Hall of the People in Beijing, China May 21, 2020. REUTERS/Carlos Garcia Rawlins

BEIJING (Reuters) - China has set a budget deficit target for this year of “at least” 3.6 percent of gross domestic product (GDP), Premier Li Keqiang said in his work report at the start of the annual parliamentary gathering on Friday.

The target compares with the 2.8 percent target set for 2019.

Reporting by Yawen Chen and Tony Munroe; Editing by Kim Coghill

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below