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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 digitization drive will be made easier, with more investment into internet sectors, stimulating data consumption and improving national competitiveness.
China's money supply growth rate and the newly issued yuan-denominated loans both increased in November to support economic growth, although the monetary authority reiterated that risk prevention should be the policy priority.
China's new energy vehicle sales performed well in April, despite the continuing downward trend of the automotive market, Securities Daily reported on Wednesday.
China's games market is becoming increasingly e-sports-based, the company said in its prospectus.
来源：资阳报