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China eyes fiscal splurge to cushion reforms, slowing growth

Bigger deficit among recommendations made to leaders at recent meeting that set economic agenda for next year

Jobseekers during a job fair at an exhibition centre in Beijing. Chinese reforms could weaken growth further before the benefits are seen, and that carries risks such as higher unemployment.


CHINA could run its biggest budget deficit in perhaps half a century next year as leaders turn to government spending to arrest the slowdown in the economy, policy advisers say, after disappointing returns from a year of monetary policy easing.

The government is expected to...