Bank of China flags scope for China to raise deficit ratio

Bank of China is forecasting GDP growth for the country at around 6.6% for 2018

• 6.6% forecast from their 6.7% projection in September
• Says China can raise deficit moderately
• Forecasts 2019 GDP growth around 6.5% y/y

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Note, this is from the Bank of China, not the PBOC. Bank of China is a state-owned commercial bank

• One of the biggest