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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 financial sector is striving to solve the financing difficulties of private enterprises and reducing their costs, said Guo Shuqing, Party secretary of the People's Bank of China and chairman of the China Banking and Insurance Regulatory Commission.

China's cultural industry had grown at an average pace of over 13 percent annually in the past five years. It is expected to become one of the major pillars supporting economic growth by 2020.
China's consumer price index rose by 0.90 percent in March, up only 0.10 percentage points from 0.80 percent in February, the National Bureau of Statistics said on Wednesday. Falling food prices helped keep consumer inflation in check, the agency said.
China's non-financial direct investments in countries along the Belt and Road (B&R) stood at .8 billion in the first eight months, up by 31.5 percent year-on-year, Ministry of Commerce spokesperson Gao Feng shared in a press conference on Thursday.
来源:资阳报