PBOC’s Sheng: China will likely raise 2017 budget fiscal deficit to 3-4% of GDP

Bloomberg (via China Business News) now reports comments delivered from PBOC senior adviser and former head of statistics department Sheng Songcheng at a forum yesterday.

Key Headlines:

China unlikely to adopt a property tax in next several years

China will likely raise 2017 budget fiscal deficit to 3-4% of GDP

 China 2017 M2 rising up to 12%