China to increase budget deficit, ramp up govt bond issuance to support growth

BEIJING (Reuters) – China will raise its budget deficit ratio, intensify fiscal spending and accelerate expenditure in 2025, the finance ministry said on Tuesday.

The government will arrange for a larger scale of government bonds to provide more support for stabilising growth, the ministry said, citing a major government conference held between Monday and Tuesday.

(Reporting by Beijing newsroom; Editing by Jamie Freed)