Mahmudul Hasan

China Accelerates Budget Spending to Counter Tariff Woes

China has unveiled a comprehensive fiscal strategy to mitigate the economic impact of increased tariffs in response to the escalating trade tensions it has been having with the United States. The Chinese government has set a record-high budget deficit target of approximately 4% of its Gross Domestic Product (GDP) for 2025, marking a significant shift from the previous cap of 3%.