China says to raise deficit, boost spending next year
Business
BEIJING China will raise its deficit in order to boost spending next year, its finance minister said, according to state media, as Beijing looks to prop up its struggling economy . The world's second-largest economy has for years battled sluggish domestic consumption, a persistent crisis in the property sector, and soaring government debt. Beijing unveiled a slew of aggressive measures this year aimed at bolstering growth — cutting interest rates, canceling restrictions on homebuying, and
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