> China to raise budget deficit to 4% in 2025 / 36ZC4BZ
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China to raise budget deficit to 4% in 2025 / 36ZC4BZ
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Chinese Premier Li Qiang says Beijing will raise its budget deficit to four percent in 2025, a rare move as the Asian giant battles a slowing economy and growing trade frictions with the United States.
"Domestically, the foundation for economic recovery and improvement is not stable enough, with insufficient effective demand," Li says at the opening session of the National People's Congress, China's rubber-stamp parliament, in Beijing. IMAGES AND SOUNDBITES