China's augmented budget deficit (including central government, local government, and off-balance-sheet spending) is already 11-15% of GDP annually by IMF estimates, meaning the theoretical ceiling for additional fiscal support is limited.

factualpending

Speaker

Brian McCarthy

Evidence Quote

the augmented deficit if you include Central local and local government off balance sheet by IMF estimates is already like 1112 it's been as high as 15 they could go% of GDP... annually already already right

Source

China’s Economic House Of Cards Is Collapsing | Brian McCarthyThe Monetary Matters Network
Created: 8/10/2026, 11:05:04 PM

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