The Trader 

Market Outlook: Beijing banks on stimulus

The Trader

CNBC reports that yesterday Chinese Premier Li Keqiang announced stimulus measures worth nearly $300 billion because economic growth has slowed and might even drop to 2 per cent. The authorities have also lowered their GDP growth forecast to between 6 and 6.5 per cent for this year. Domestic industries should be the biggest beneficiaries of this largesse and any growing discontent among the middle class is hoped to be quashed.

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