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China sets fiscal deficit at 3% of GDP this year

Updated: Mar 5,2017 8:56 AM     Xinhua

BEIJING — China sets its government fiscal deficit this year at 2.38 trillion yuan ($345 billion), or 3 percent of its GDP, an increase of 200 billion yuan over last year, according to a government work report available to the media ahead of the annual parliamentary session on March 5.