25 December 2024

© Reuters. FILE PHOTO: Visitors stand in Tiananmen Square in Beijing, China on June 12, 2024. REUTERS/Nikoko Chan/File photo

BEIJING (Reuters) – China will raise its budget deficit, step up fiscal spending and accelerate spending in 2025, the Finance Ministry said on Tuesday.

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

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