Jun. 12, 2009 (China Knowledge) - China's fiscal deficit may expand tenfold this year, a result of government spending on stimulus plans, said Louis Kuijs, the World Bank's senior economist, on Wednesday. China's fiscal deficit was equivalent to 0.5% of the country's gross domestic product (GDP) in 2008. China is expected to see a deficit of 3% or more this year.During the first four months of thi
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