21 September 2018

Premier Li voices concern about rising public debt, report says

Premier Li Keqiang {李克強} said at a national conference on October 21 that government deficit has reached 2.1 percent of gross domestic product (GDP), edging near the 3 percent ceiling set out by the European Union, news website reported Tuesday. Li also noted that M2 money supply at the end of March had already exceeded 100 trillion yuan (US$16.4 trillion), twice the size of the GDP. He warned of the risks of inflation if money supply continues to increase, the report said.

– Contact HKEJ at [email protected]



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