CEWC promises fiscal expansion in 2025
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
The Central Economic Work Conference (CEWC) signaled a big expansion of fiscal spending is coming in 2025.
According to the readout from the meeting – which wrapped up Thursday – the budget deficit will increase next year, but it didn’t say by how much.
In 2024, the target budget deficit was 3%.
I...