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China's deficit-to-GDP ratio this year is projected at more than 3.6 percent. The ratio was 0.8 percentage points higher than that of last year. The deficit increase is projected at 1 trillion yuan (0.6 billion) over last year, according to the 2020 Government Work Report.
China's economic growth will reach 6.8 percent year-on-year in 2017, although it may moderate next year to 6.6 percent, according to a forecast released on Wednesday by the Organization for Economic Cooperation and Development.
China's economic growth is shaking off the impact of the COVID-19 pandemic to lead the world, CNBC said at its Q4 Global CFO Council Survey on Wednesday.
China's hydro power engineering and construction firm, Sinohydro carried out the expansion of the Kariba power plant by adding two 150 mW units from 2014 at a cost of 5 million.
China's efforts to transform the country to a more consumption and service-driven economy is well under way, said Yasuyuki Sawada, ADB's chief economist.
