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ECONOMY

Nation's Fiscal Deficit Could See Increase Next Year, Analysts Say

By Yu Hairong and Fran Wang

(Beijing) — China's fiscal deficit may rise next year as Beijing is expected to cut taxes and increase infrastructure investment to drive growth, analysts said as they examined likely economic and policy scenarios for 2017.

Meanwhile, the government needs to trim unnecessary, even harmful, subsidies such as those impeding competition in order to improve the efficiency of its spending, they said.

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