The fiscal stimulus will be announced to support economic growth so that they can achieve a 5% Gross Domestic Product target for the year. The Ministry is considering issuing special bonds worth 2 trillion Yuan . Market reaction AUD/USD is paring losses to trade at 0.6740 on these above headlines, still down 0.08% on the day.
How does the health of the Chinese Economy impact the Australian Dollar? China is Australia’s largest trading partner so the health of the Chinese economy is a major influence on the value of the Australian Dollar . When the Chinese economy is doing well it purchases more raw materials, goods and services from Australia, lifting demand for the AUD, and pushing up its value. The opposite is the case when the Chinese economy is not growing as fast as expected.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exeter Finance: Helping Borrowers or Adding to Their Burden?A ProPublica investigation reveals how Exeter Finance, a major auto lender specializing in high-interest loans, uses payment extensions to trap borrowers in a cycle of debt. While offering temporary relief, these extensions often result in thousands of dollars in additional interest charges, ultimately making it harder for borrowers to repay their loans.
Source: abc15 - 🏆 263. / 63 Read more »
Questions over Vindman’s military records evolve into campaign finance probe for super PAC tiesArmy vet and Democratic House candidate Eugene Vindman is facing accusations he embellished his military record amid an ongoing probe of his campaign's finances.
Source: FoxNews - 🏆 9. / 87 Read more »
Trump tax-free overtime plan ‘as fake as his tan,' Senate Finance chair saysRepublican nominee Donald Trump unveiled the tax-free overtime pay plan at his first campaign rally since he debated Democratic rival Kamala Harris.
Source: NBCLA - 🏆 319. / 59 Read more »
Alchemy Partners with Cross Finance to Power dApp DevelopmentCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Billionaires Shape Global Finance Through Strategic Investments And Bold TradesLearn how billionaires like Elon Musk, Jeff Bezos, and Bernard Arnault are shaping global finance with their strategic investments and bold trades. Discover the trends and strategies that drive their success.
Source: Luxuo - 🏆 571. / 51 Read more »