China’s central government urges local governments to give cash handouts for New Year ...Middle East

This initiative is part of broader efforts to stimulate private consumption, which is seen as key to revitalizing the economy. With potential U.S. tariffs looming, China is also shifting its policy focus toward boosting consumption and increasing public spending in 2025.

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The hapless AUD has been pummeled against the strong US dollar.

This article was written by Eamonn Sheridan at www.forexlive.com.

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