Justin caught wind of this on Tuesday ICYMI:
The gist of this is that China is considering new stimulus and higher deficit to meet its annual growth target.
- 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
Stories like this underpin AUD. Of course, there is plenty else going on but this story didn’t hurt!