VOA published an article which stated that, based on the financial data that China disclosed, the growth rate of its 2016 GDP will remain between 6.5 and 7 percent and its finance deficit will grow from 1.62 trillion (US$0.25 trillion) in 2015 to 2.18 trillion (US$0.33 trillion) in 2016; its local treasury bonds are expected to be 400 billion yuan (US$61 billion). The article said that the Chinese government admits that its economy will face a bottleneck which it must break through to succeed. It also said that, according to the statistics, the Chinese government plans to allocate 16 billion yuan (US$2.45 billion) to urban medical assistance funds, an increase of 10 percent from 2015. It also claimed that it will increase the low income supplement fund by 5 percent for urban and 8 percent for the rural region.
Source: VOA, March 6, 2016