Expanding deficit will inject vitality into the economy

Editor's note: Some people insist that the Chinese government should exhaust all means to keep its financial deficit below 3 percent of the gross domestic product, so as to control financial risks, but columnist Hu Yifeng comments in a post:

The Government Work Report issued in March said that the government deficit this year will be kept under 2.38 trillion yuan ($343 billion), or 2.6 percent of the GDP.

But the uncertainties with and the downward pressure upon the economy so far this year are more serious than the projection in March. So it is highly probable the government deficit will be more than that.