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China's fiscal deficit increased from 2.18 trillion yuan in 2016 to 2.76 trillion yuan in 2019. This year, it was raised to 3.76 trillion yuan to mitigate the negative effects of the COVID-19 pandemic. The fiscal deficit ratio has risen to 3.6 percent of GDP this year, the highest level since the founding of the People's Republic of China in 1949, according to the ministry.
China's economy grew 6.9 percent in the first quarter this year, accelerating from 6.8 percent in the last quarter of 2016.
China's foreign trade sector has a strong resilience and sound development prospects, and will remain open to the outside world, Jiang added.
China's consumer price index, a main gauge of inflation, rose 1.9 percent year-on-year in June, compared with 1.8 percent for May, data from the National Bureau of Statistics showed Tuesday.
China's economy will continue to rebound in the second quarter but the recovery pace may be constrained by external uncertainties and a global downturn, therefore stronger domestic policies are needed to ensure a steady recovery for the rest of the year, economists said.
来源：资阳报