China To Increase 2013 Budget Deficit By 50%: Report

The Chinese government is planning to increase the country’s budget deficit by 50 percent in 2013, China business News reported Thursday, citing unnamed sources.

As a result, the deficit will balloon to CNY 1.2 trillion from an estimated CNY 800 billion this year.

http://www.rttnews.com/2029106/china-to-increase-2013-budget-deficit-by-50-report.aspx?type=aeco

 

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