China can consider increasing its budget deficits, ex-finance minister says
China can consider increasing its budget deficits, ex-finance minister says. (credits: google) Some local governments have distributed consumption vouchers to encourage consumption. But those actions remain insufficient. China will have difficulty achieving its official 2022 economic growth target of about 5.5 percent. If more deficit spending is required to fund assistance for small firms, China can consider it, according to a former finance minister on Saturday. Lou Jiwei said at the Caixin Summer Summit i