what the budget deficit for china
One trend is easy to identify: China is spending more and more, although the pace of growth has slowed in recent years. China still falls well behind the United States in overall spending -- at $2.2 trillion compared to around $3.5 trillion for Washington. And the U.S. runs a much larger budget deficit.China's estimated deficit for 2013 is 1.2 trillion yuan, or $198 billion at current exchange rates.That's equal to 2% of GDP.Although significantly higher than previous years, China's deficit is under control.nd the U.S. runs a much larger budget deficit. China's estimated deficit for 2013 is 1.2 trillion yuan, or $198 billion at current exchange rates. That's equal to 2% of GDP.