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CHINA’S proactive fiscal policy will continue in 2016 and its general public budget deficit will expand, China International Capital Corp has said in a note.
CICC analysts expect the deficit this year at 2.2 trillion yuan (US$336 billion), or 3 percent of the country’s gross domestic product.
CICC’s forecast came after a national fiscal work conference statement said last month that China would increase its budget deficit in 2016 and gradually raise its fiscal deficit ratio.

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