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China Unveils Major Fiscal Boost Measures | Hong Kong News
On October 9th, China announced a significant allocation of 550 billion yuan in unused government debt to enhance local finances and infrastructure investment in response to disappointing economic performance. This measure aims to address weak consumption and investment, as the country strives to meet its growth target of 4.5% to 5% for the year. Three hundred billion yuan will focus on supporting daily operations at local government levels, while the remaining funds will target infrastructure www.TheDailyNewsNow.com This is an automated, high-level news summary based on public reporting and…
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