Jan 5 (Bloomberg) — China should seek a “relatively high” fiscal deficit this year to stabilize the economy, Jia Kang, a researcher at the Ministry of Finance, wrote in an article in China Finance magazine.
A growth rate of at least 8% this year is acceptable, Jia says.
China seems to know how it works
January 08, 2012 at 07:39 AM EST
China Should Seek ‘Relatively High’ Deficit Jan 5 (Bloomberg) — China should seek a “relatively high” fiscal deficit this year to stabilize the economy, Jia Kang, a researcher at the Ministry of Finance, wrote in an article in China Finance magazine. A growth rate of at least 8% this year is acceptable, Jia says.
China Should Seek ‘Relatively High’ Deficit
