China lowers 2018 fiscal deficit target to 2.6 pct of GDP
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China lowered its fiscal deficit target to 2.6 percent of GDP for 2018, down by 0.4 percentage points compared with 2017, according to a government work report available to media Monday.

It marked the first reduction of projected debt-to-GDP ratio in three years as the target remained unchanged at 3 percent of GDP in 2016 and 2017.

The proactive direction of China's fiscal policy will remain the same, and the country will concentrate efforts to increase efficiency, according to the report to be delivered Monday morning at the first session of the 13th National People's Congress, China's top legislature.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan