China’s Finance Ministry: Will step up fiscal spending, accelerate spending in 2025

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Fiscalpolicy,AUDUSD,Macroeconomics

China’s Finance Ministry said in a statement at the National Fiscal Work Conference on Tuesday that they “will step up fiscal spending, accelerate spending in 2025.

Additional takeaways China plans to intensify efforts to mitigate risks in key sectors, according to the Ministry of Finance. China will expand the issuance of government bonds to bolster economic stability. China aims to strengthen international financial collaboration. China is committed to fostering domestic demand growth - fiscal spending will focus more on people's livelihoods and seek to boost consumption. China pledges to promote a higher level of openness to the global economy.

Australian Dollar PRICE Today The table below shows the percentage change of Australian Dollar against listed major currencies today. Australian Dollar was the weakest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.11% -0.01% -0.13% 0.10% 0.21% 0.11% 0.05% EUR -0.11% -0.12% -0.21% -0.01% 0.10% -0.00% -0.07% GBP 0.00% 0.12% -0.10% 0.11% 0.22% 0.12% 0.05% JPY 0.13% 0.21% 0.10% 0.21% 0.36% 0.22% 0.19% CAD -0.10% 0.00% -0.11% -0.21% 0.10% 0.00% -0.06% AUD -0.21% -0.10% -0.22% -0.

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