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This is good news. It's the best time to buy when it is cheap. The Gov has given a vast amount of hints of what's to come and if you still couldn't read the lines then it's your own fault for not having the foresight in investments. Let's go

China Plans Record Budget Deficit of 4% of GDP in 2025

Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product (GDP) next year, its highest on record, while maintaining an economic growth target of around 5%, two sourc

China Plans Record Budget Deficit of 4% of GDP in 2025

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It's the best time to buy when it is cheap. The Gov has given a vast amount of hints of what's to come and if you still couldn't read the lines then it's your own fault for not having the foresight in investments. Let's go</body></html>","htmlText":"<html><head></head><body>This is good news. It's the best time to buy when it is cheap. The Gov has given a vast amount of hints of what's to come and if you still couldn't read the lines then it's your own fault for not having the foresight in investments. Let's go</body></html>","text":"This is good news. It's the best time to buy when it is cheap. The Gov has given a vast amount of hints of what's to come and if you still couldn't read the lines then it's your own fault for not having the foresight in investments. Let's go","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/382624090722600","repostId":1140830654,"repostType":2,"repost":{"id":"1140830654","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1734413671,"share":"https://www.laohu8.com/m/news/1140830654?lang=&edition=full","pubTime":"2024-12-17 13:34","market":"sh","language":"en","title":"China Plans Record Budget Deficit of 4% of GDP in 2025","url":"https://stock-news.laohu8.com/highlight/detail?id=1140830654","media":"Reuters","summary":"Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product (GDP) next year, its highest on record, while maintaining an economic growth target of around 5%, two sourc","content":"<html><head></head><body>Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product (GDP) next year, its highest on record, while maintaining an economic growth target of around 5%, two sources with knowledge of the matter said.Hong Kong stock market jumped on the news. The Hang Seng Index (HSI) rose by 0.31%, the Hang Seng China Enterprises Index (HSCEI) rose by 0.48%, the Hang Seng Tech Index (HSTECH) rose by 0.72%.<img src=\"https://community-static.tradeup.com/news/b8340c2963507d120037ddfdc444d69b\" title=\"\" tg-width=\"948\" tg-height=\"151\"/>China A50 index futures rose 1.3%.<img src=\"https://community-static.tradeup.com/news/50dba4897414180f6b8276efa8c365e0\" title=\"\" tg-width=\"864\" tg-height=\"598\"/>China ADRs and ADRs also rebounded on the news. <a href=\"https://laohu8.com/S/YINN\">Direxion Daily FTSE China Bull 3X Shares</a> rose 3.6%.<img src=\"https://community-static.tradeup.com/news/1104a31cb2fa357d17b148e395294026\" title=\"\" tg-width=\"499\" tg-height=\"585\"/>The new deficit plan compares with an initial target of 3% of GDP for 2024, and is in line with a &#34;more proactive&#34; fiscal policy outlined by leading officials after December&#39;s Politburo meeting and last week&#39;s Central Economic Work Conference (CEWC), where the targets were agreed but not officially announced.The additional one percentage point of GDP in spending amounts to about 1.3 trillion yuan ($179.4 billion). More stimulus will be funded through issuing off-budget special bonds, said the two sources, who requested anonymity as they were not authorised to speak to the media.These targets are usually not announced officially until an annual parliament meeting in March. They could still change before the legislative session.The State Council Information Office, which handles media queries on behalf of the government, and the finance ministry did not immediately respond to a Reuters request for comment.The stronger fiscal impulse planned for next year forms part of China&#39;s preparations to counter the impact of an expected increase in U.S. tariffs on Chinese imports as Donald Trump returns to the White House in January.The two sources said China will maintain an unchanged GDP growth target of around 5% in 2025.A state media summary of the closed-door CEWC said it was &#34;necessary to maintain steady economic growth&#34;, raise the fiscal deficit ratio and issue more government debt next year, but did not mention specific numbers.Reuters reported last month that government advisers had recommended Beijing not to lower its growth target.The world&#39;s second-largest economy has stuttered this year due to a severe property crisis, high local government debt and weak consumer demand. Exports, one of the few bright spots, could soon face U.S. tariffs in excess of 60% if Trump delivers on his campaign pledges.The U.S. President-elect&#39;s threats have rattled China&#39;s industrial complex, which sells goods worth more than $400 billion annually to the United States. Many manufacturers have been shifting production abroad to escape tariffs.Exporters say the levies will further shrink profits, hurting jobs, investment and economic growth in the process. They would also exacerbate China&#39;s industrial overcapacity and deflationary pressures, analysts said.The summaries of the CEWC and the Politburo meetings also flagged that China&#39;s central bank would switch to an &#34;appropriately loose&#34; monetary policy stance, raising expectations of more interest rate cuts and liquidity injections.The previous &#34;prudent&#34; stance that the central bank had held for the past 14 years coincided with overall debt - including that of the government, households and companies - jumping more than five times. The economy expanded roughly three times over the same period.China is likely to rely heavily on fiscal stimulus next year, analysts say, but could also use other tools to cushion the impact of tariffs.Reuters reported last week, citing sources, that China&#39;s top leaders and policymakers are considering allowing the yuan , to weaken next year to mitigate the impact of punitive trade measures.The CEWC summary kept a pledge to &#34;maintain the basic stability of the exchange rate at a reasonable and balanced level&#34;. Readouts from 2022 and 2023 also included this line.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Plans Record Budget Deficit of 4% of GDP in 2025</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Plans Record Budget Deficit of 4% of GDP in 2025\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nReuters \n2024-12-17 13:34\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product (GDP) next year, its highest on record, while maintaining an economic growth target of around 5%, two sources with knowledge of the matter said.Hong Kong stock market jumped on the news. The Hang Seng Index (HSI) rose by 0.31%, the Hang Seng China Enterprises Index (HSCEI) rose by 0.48%, the Hang Seng Tech Index (HSTECH) rose by 0.72%.<img src=\"https://community-static.tradeup.com/news/b8340c2963507d120037ddfdc444d69b\" title=\"\" tg-width=\"948\" tg-height=\"151\"/>China A50 index futures rose 1.3%.<img src=\"https://community-static.tradeup.com/news/50dba4897414180f6b8276efa8c365e0\" title=\"\" tg-width=\"864\" tg-height=\"598\"/>China ADRs and ADRs also rebounded on the news. <a href=\"https://laohu8.com/S/YINN\">Direxion Daily FTSE China Bull 3X Shares</a> rose 3.6%.<img src=\"https://community-static.tradeup.com/news/1104a31cb2fa357d17b148e395294026\" title=\"\" tg-width=\"499\" tg-height=\"585\"/>The new deficit plan compares with an initial target of 3% of GDP for 2024, and is in line with a &#34;more proactive&#34; fiscal policy outlined by leading officials after December&#39;s Politburo meeting and last week&#39;s Central Economic Work Conference (CEWC), where the targets were agreed but not officially announced.The additional one percentage point of GDP in spending amounts to about 1.3 trillion yuan ($179.4 billion). More stimulus will be funded through issuing off-budget special bonds, said the two sources, who requested anonymity as they were not authorised to speak to the media.These targets are usually not announced officially until an annual parliament meeting in March. They could still change before the legislative session.The State Council Information Office, which handles media queries on behalf of the government, and the finance ministry did not immediately respond to a Reuters request for comment.The stronger fiscal impulse planned for next year forms part of China&#39;s preparations to counter the impact of an expected increase in U.S. tariffs on Chinese imports as Donald Trump returns to the White House in January.The two sources said China will maintain an unchanged GDP growth target of around 5% in 2025.A state media summary of the closed-door CEWC said it was &#34;necessary to maintain steady economic growth&#34;, raise the fiscal deficit ratio and issue more government debt next year, but did not mention specific numbers.Reuters reported last month that government advisers had recommended Beijing not to lower its growth target.The world&#39;s second-largest economy has stuttered this year due to a severe property crisis, high local government debt and weak consumer demand. Exports, one of the few bright spots, could soon face U.S. tariffs in excess of 60% if Trump delivers on his campaign pledges.The U.S. President-elect&#39;s threats have rattled China&#39;s industrial complex, which sells goods worth more than $400 billion annually to the United States. Many manufacturers have been shifting production abroad to escape tariffs.Exporters say the levies will further shrink profits, hurting jobs, investment and economic growth in the process. They would also exacerbate China&#39;s industrial overcapacity and deflationary pressures, analysts said.The summaries of the CEWC and the Politburo meetings also flagged that China&#39;s central bank would switch to an &#34;appropriately loose&#34; monetary policy stance, raising expectations of more interest rate cuts and liquidity injections.The previous &#34;prudent&#34; stance that the central bank had held for the past 14 years coincided with overall debt - including that of the government, households and companies - jumping more than five times. The economy expanded roughly three times over the same period.China is likely to rely heavily on fiscal stimulus next year, analysts say, but could also use other tools to cushion the impact of tariffs.Reuters reported last week, citing sources, that China&#39;s top leaders and policymakers are considering allowing the yuan , to weaken next year to mitigate the impact of punitive trade measures.The CEWC summary kept a pledge to &#34;maintain the basic stability of the exchange rate at a reasonable and balanced level&#34;. Readouts from 2022 and 2023 also included this line.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CHAU":"二倍做多沪深300(Direxion)","BABA":"阿里巴巴","PDD":"拼多多","JD":"京东","YINN":"三倍做多富时中国ETF-Direxion","HSCEI":"国企指数","HSI":"恒生指数","000001.SH":"上证指数","HSTECH":"恒生科技指数"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140830654","content_text":"Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product (GDP) next year, its highest on record, while maintaining an economic growth target of around 5%, two sources with knowledge of the matter said.Hong Kong stock market jumped on the news. The Hang Seng Index (HSI) rose by 0.31%, the Hang Seng China Enterprises Index (HSCEI) rose by 0.48%, the Hang Seng Tech Index (HSTECH) rose by 0.72%.China A50 index futures rose 1.3%.China ADRs and ADRs also rebounded on the news. Direxion Daily FTSE China Bull 3X Shares rose 3.6%.The new deficit plan compares with an initial target of 3% of GDP for 2024, and is in line with a \"more proactive\" fiscal policy outlined by leading officials after December's Politburo meeting and last week's Central Economic Work Conference (CEWC), where the targets were agreed but not officially announced.The additional one percentage point of GDP in spending amounts to about 1.3 trillion yuan ($179.4 billion). More stimulus will be funded through issuing off-budget special bonds, said the two sources, who requested anonymity as they were not authorised to speak to the media.These targets are usually not announced officially until an annual parliament meeting in March. They could still change before the legislative session.The State Council Information Office, which handles media queries on behalf of the government, and the finance ministry did not immediately respond to a Reuters request for comment.The stronger fiscal impulse planned for next year forms part of China's preparations to counter the impact of an expected increase in U.S. tariffs on Chinese imports as Donald Trump returns to the White House in January.The two sources said China will maintain an unchanged GDP growth target of around 5% in 2025.A state media summary of the closed-door CEWC said it was \"necessary to maintain steady economic growth\", raise the fiscal deficit ratio and issue more government debt next year, but did not mention specific numbers.Reuters reported last month that government advisers had recommended Beijing not to lower its growth target.The world's second-largest economy has stuttered this year due to a severe property crisis, high local government debt and weak consumer demand. Exports, one of the few bright spots, could soon face U.S. tariffs in excess of 60% if Trump delivers on his campaign pledges.The U.S. President-elect's threats have rattled China's industrial complex, which sells goods worth more than $400 billion annually to the United States. Many manufacturers have been shifting production abroad to escape tariffs.Exporters say the levies will further shrink profits, hurting jobs, investment and economic growth in the process. They would also exacerbate China's industrial overcapacity and deflationary pressures, analysts said.The summaries of the CEWC and the Politburo meetings also flagged that China's central bank would switch to an \"appropriately loose\" monetary policy stance, raising expectations of more interest rate cuts and liquidity injections.The previous \"prudent\" stance that the central bank had held for the past 14 years coincided with overall debt - including that of the government, households and companies - jumping more than five times. The economy expanded roughly three times over the same period.China is likely to rely heavily on fiscal stimulus next year, analysts say, but could also use other tools to cushion the impact of tariffs.Reuters reported last week, citing sources, that China's top leaders and policymakers are considering allowing the yuan , to weaken next year to mitigate the impact of punitive trade measures.The CEWC summary kept a pledge to \"maintain the basic stability of the exchange rate at a reasonable and balanced level\". Readouts from 2022 and 2023 also included this line.","news_type":1},"isVote":1,"tweetType":1,"viewCount":13,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":193,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}