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Stimulus boosts Chinese stocks, eyes on the upcoming session

Stimulus boosts Chinese stocks, eyes on the upcoming session
Shares of US-listed Chinese ETFs are as much as 4.4% higher today after a broad stimulus push from Beijing.Chinese President Xi Jinping visited the central bank and largest sovereign wealth fund today for the first time. It came with the approval of a boost to the fiscal deficit this year to 3.8% from 3.0%; adding some $137 billion in sovereign debt.It came on a heavy news day from China where Li Shangfu was stripped of his title of defense minister and former foreign minister Qin Gang lost his... Read More
Posted: Oct 24 2023, 19:31
Author Name: forexlive
Views: 042373

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