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China to inject $1.4 trillion in fiscal stimulus to boost economy

According to a recent report from Reuters, the Communist country is close to approving a fiscal stimulus policy of close to 10 trillion yuan ($1.4 trillion) to boost its ailing economy.

The policy will stimulate economic growth and increase investors’ confidence in the Chinese markets. Sources close to the development say that China is also looking to raise 6 trillion yuan ($840 billion) in the next three years to aid in clearing debt.

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