10:11 AM · 10 October 2023

BREAKING: China weighs new stimulus to meet growth target 📈 HK.cash gains 0,9%

China is planning to introduce new stimulus programs to meet expectations for economic growth in the country, Bloomberg reported, citing anonymous sources. Moreover, the Chinese establishment is considering higher deficit issuing at least 1 trillion yuan ($137 billion) of additional sovereign debt for infrastructure spending, said anonymous sources interviewed by Bloomberg. This can push the budget deficit this year well above the 3% limit set in March.

Source: xStation5

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