China Budgets 1.05 Trln Yuan of Fiscal Deficit for 2010-Shanghai Metals Market

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China Budgets 1.05 Trln Yuan of Fiscal Deficit for 2010

Data Analysis 08:58:53AM Mar 05, 2010 Source:SMM

BEIJING, Mar.5  -- China budgets 1.05 trillion yuan (154.4 billion U.S. dollars) of fiscal deficit this year to support economic growth as government revenue will fall significantly short of expenditures, says a government work report to be delivered by Premier Wen Jiabao at the parliament's annual session Friday.

 

China Budgets 1.05 Trln Yuan of Fiscal Deficit for 2010

Data Analysis 08:58:53AM Mar 05, 2010 Source:SMM

BEIJING, Mar.5  -- China budgets 1.05 trillion yuan (154.4 billion U.S. dollars) of fiscal deficit this year to support economic growth as government revenue will fall significantly short of expenditures, says a government work report to be delivered by Premier Wen Jiabao at the parliament's annual session Friday.