
China slows more, could the RBA minutes give the Aussie another hit?
NAB Morning Call
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The Importance of Fiscal Stimulus in China
If things are slowing and Q3 slows even further, then obviously they're not going to meet that. That's one of the big reasons why many including ourselves believe that China will step up a stimulus measures. We don't think that as much as Beijing should deliver some stimulus, fiscal stimulus, and spending, it will be kind of focused towards those new sectors and industries. And a little bit of support towards the housing market and construction.
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