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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 economic growth will reach 6.8 percent year-on-year in 2017, thanks to the strong economic momentum witnessed in the first six months of the year, rebound in exports and a favorable external environment, a new report said.
China's foreign trade will continue its uptrend following last year's recovery, and the trade structure will be further optimized, said a spokesman of the county's biggest trade event.
China's official customs data showed that Little Swan exported more washing machines in both volume and value than any other Chinese washing machine maker in the first five months this year, said the report.
China's economy continued to recover in May from the shocks generated by the COVID-19 epidemic as major economic indicators showed improvement, the National Bureau of Statistics said on Monday.
来源：资阳报