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AccordingtotheworkreportofPremierWen,China'snationalbudgetdeficitwilljumpmorethanseve... According to the work report of Premier Wen, China's national budget deficit will jump more than sevenfold this year to 950 billion yuan ($139 billion), still below the international threshold of 3 percent of GDP. The United States, by comparison, is budgeting for a deficit of 12.3 percent of its GDP. However, policymakers should take a cautious approach to more tax waivers for absolute fiscal safety.
Compared with other countries, China has several potential advantages in economic resilience-relatively cheap labor and a buoyant domestic market, as well as unmatched budget flexibility. Those advantages will translate into real growth with the help of the stimulus measures.
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根据温总理的政府工作报告,今年中国的财政预算赤字将跃升7倍,达到9500亿元(合1390亿美元),但仍只占国内生产总值(GDP)3%以下,没有超出国际规定的临界值。相比之下,美国的财政赤字占得GDP比重为12.3%。尽管如此,政策制定者仍要谨慎对待关于税收豁免以及保证财政的绝对安全的问题。
与其他国家相比,中国在发展相对弹性的廉价劳动力和开拓国内市场时具有潜在的经济优势,这使得其经济预算更具灵活性。这些优势最终也将转化为中国实现真正的高增长的刺激条件。
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