China Undershoots 2025 Spending Goal in Sign of Caution on Debt
China’s government spending fell short of plans in the budget for the seventh straight year in 2025, giving Beijing more fiscal firepower if the economy comes under pressure.
By John Liu, Fran Wang · Bloomberg Markets
China’s government spending fell short of plans in the budget for the seventh straight year in 2025, giving Beijing more fiscal firepower if the economy comes under pressure.