Liao Min, Vice Minister of Finance, stated at the January 10 press conference of the State Information Office, titled 'The Effects of High-Quality Economic Development in China,' that China has a substantial capacity for debt issuance and an increase in the deficit. This has been mentioned in previous press conferences. From a medium to long-term perspective, China's economy still has a high growth potential. Firstly, the government debt ratio is significantly lower than that of major economies and Emerging Markets, and the overall fiscal situation is healthy and sustainable. Secondly, our government debt corresponds to a large amount of high-quality Assets, which have both social and economic benefits. Additionally, the current real interest rate level of Chinese government bonds is significantly lower than the actual growth rate of China's economy. Therefore, government borrowing is sustainable. Regarding the specific deficit ratio for 2025, it will be officially announced to the public in a timely manner after fulfilling legal procedures, and specific data cannot be provided today; however, there is sufficient evidence regarding the purpose, conditions, and factors considered for increasing the fiscal deficit ratio. (China.com)