China Accounting Shift Narrows Deficit

China Accounting Shift Narrows Deficit – China’s finance ministry changed the accounting of some government spending in a way that enabled Beijing to announce a deficit below the symbolic level of 3% of GDP for 2010, an examination of budget documents shows – WSJ

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.