China’s budget forecast is more informative than its growth target | The Economist

China's budget forecast is more informative than its growth target

The economy often grows more slowly than the Ministry of Finance expects

ON MARCH 5TH China's government set an economic-growth target of “more than 6%” for this year, a bar it will clear with ease. More interesting is what can be inferred from its new budget. It says the fiscal deficit will be 3.57trn yuan, or 3.

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