{
FTSE International Limited

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chinese stocks and yuan decline after debt refinancing plan announced

Chinese stocks and the yuan fell after a 10 trillion yuan ($1.4 trillion) debt refinancing plan for local governments failed to impress investors. Futures on the FTSE China A50 Index dropped over 5% following the announcement of a 6 trillion yuan package, which was later expanded by an additional 4 trillion yuan.
Bloomberg.com
Chinese Yuan FTSE International Limited CHN
Finance & Economy, Market Report
09:32 08.11.2024
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