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China Briefings

Reports on China issued by Samsung Economic Research Institute

China Business Intelligence No. 223

China Business Intelligence No. 223

Samsung Economic Research Institute Beijing Office

Apr. 22, 2013

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After falling for 3 consecutive years, China’s fiscal deficit is expected to post a record breaking 1.2 trillion yuan in 2013. However, expanding the fiscal deficit is a part of the government’s aggressive fiscal policies. Through these policies which include expanding fiscal deficit, tax reductions and expenditure, China was able to realize economic growth and recovery from the global fiscal crisis. The latest expansion is not a part of government investment but measures to obtain the funds needed to expand public spending on education, healthcare and social security.

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