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SEOUL, Feb. 16 (Xinhua) -- China unequivocally opposes the deployment of the Terminal High Altitude Area Defense (THAAD), an advanced U.S. missile defense system, in the Republic of Korea, Vice Foreign Minister Zhang Yesui said here Tuesday.

"I think the government wants to signal that they believe the growth is stabilizing," Dollar told Xinhua in a recent interview. "They're emphasizing the growth is maybe slowing down a little bit but it's pretty stable."

China raised its budget deficit to 2.3 percent of GDP in 2015, up from 2.1 percent in 2014.

We have tightened budgetary constraints and made sure that all expenditures are based on budgets. We further increased the detail of budget itemization, scaled down the amount of tentative budgets prepared by the Ministry of Finance for other governments offices or programs, and examined and approved departmental budgets in a timely fashion. We accelerated the work to break down and disseminate budgetary expenditure targets and intensified inspections of programs implemented by central government departments, therein achieving noticeably faster budget execution. We improved the regulatory system for budgets and made budget assessment an essential part of the budgetary management procedures. We introduced regulations such as the provisional regulations for performance target management of special transfer payments from the central government to local governments. The number and yuan value of central government department programs that received performance evaluations rose by 26.3% and 27% respectively, and the evaluation results were linked to the allocation of this year's budgets. We expanded the number of government departments whose budgets and final accounts are subject to NPC review, and for the first time, publicly released budgets for special transfer payments broken down by region and by program. We also carried out inspections on the disclosure of local governments' budgets and final accounts with a view to enhancing their fiscal transparency.

To grow the economy, which has already been the world's second largest, requires not only informed confidence, but also targeted measures that respond to the economic reality.