Wider China budget deficit doesn't signal strong stimulus: official

China's wider fiscal deficit rate budgeted for 2016 should not be considered as strong stimulus and the government still has ample policy tools to counter downward economic pressure, a senior official of China's cabinet research unit, said on Saturday. Huang Shouhong, deputy director of the State Council Research Office, also told reporters at a news conference that China should take various measures to keep the property market stable. China budgeted a 2016 deficit of 3 percent of gross domestic