ICYMI: China reportedly weighs new stimulus, higher deficit to meet growth target

<p>Justin caught wind of this on Tuesday ICYMI:</p><ul><li><a href="https://www.forexlive.com/news/china-reportedly-weighs-new-stimulus-higher-deficit-to-meet-growth-target-20231010/" target="_blank" rel="follow" data-article-link="true">China reportedly weighs new stimulus, higher deficit to meet growth target</a></li></ul><p>The gist of this is that China is considering new stimulus and higher deficit to meet its annual growth target.
</p><ul><li>Chinese authorityes mulling the issuance of at least CNY1 trillion ($137.1 billion) of additional sovereign debt for spending on infrastructure such as water conservancy projects</li></ul><p>Stories like this underpin AUD. Of course, there is plenty else going on but this story didn't hurt!</p>

This article was written by Eamonn Sheridan at www.forexlive.com.