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China’s budget deficit hit a record high in the first 11 months of 2022

China’s budget deficit hit a record high in the first 11 months of 2022

The report is in the Financial Times, which is gated.

The Wall Street Journal add a little more detail:

Government spending in China will persist - fiscal support for the troubled property sector and to help firms cope wit COVID setbacks as the WSJ note in their tweet.

The fiscal support will act as a tailwind for China's economy and markets. Addressing the deficit will have to wait!

This article was written by Eamonn Sheridan at www.forexlive.com... Read More
Posted: Dec 22 2022, 03:37
Author Name: forexlive
Views: 102533

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