China’s Budget Deficit Hits Record $1.1 Trillion on Covid Zero Slump December 20, 2022 China’s broad budget deficit hit a record so far this year as government revenue continued to shrink due to the slowing economy and Covid Zero policies, while spending grew. https://www.bloomberg.com/news/articles/2022-12-20/china-s-budget-deficit-hits-record-1-1-trillion-on-covid-zero-slump