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488 China unveils largest stimulus since pandemic

KillerStartups
Harper Johnson @ KillerStartups · 09/27/2024 16:47 EDT

China unveils largest stimulus since pandemic

China has announced its largest economic stimulus since the pandemic, causing significant effects on global stocks and commodities. The CSI 300, China’s benchmark index, surged 4.3%, while the renminbi dropped 0.6%. Oil skyrocketed over 4.5% to a decade-plus high, and copper futures extended their gains. The Chinese government will have to act “very quickly in ...

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