Reported 17 days ago
Chinese stocks and the yuan fell following the announcement of a 10 trillion yuan ($1.4 trillion) local government debt refinancing plan, which failed to impress investors. The FTSE China A50 Index futures dropped over 5%, while the yuan weakened in offshore trading. Despite expectations for stronger fiscal measures amid ongoing trade tensions, the initial response indicated disappointment, raising concerns about China's economic growth amidst a potential trade war.
Source: YAHOO