China should set appropriate fiscal deficit in 2024 -senior party official

BEIJING (Reuters) – China should set its 2024 fiscal deficit and special local government bonds at appropriate levels and optimise the structure of fiscal expenditure, a senior Communist Party official said on Wednesday, state media CCTV reported.

China should also keep consumer prices at a moderate and appropriate level, neither too low or too high, said Han Wenxiu, deputy head of the Party’s office for financial and economic affairs, according to CCTV.

(Reporting by Kevin Yao and Ellen Zhang; Editing by Tom Hogue)