The Chinese government has scheduled a meeting to update the stimulus package to boost economic growth.
Analysts and investors expect that policy easing will have a positive impact on the crypto market.
The United States will also adopt similar policies that envision strengthening the economy.
China’s massive new stimulus package could be a major catalyst for the crypto market. With officials set to announce further details today, investors are watching closely to see how these measures might impact liquidity and drive economic growth.
Five senior officials from the National Development and Reform Commission, including Chairman Zheng Shanjie, will hold a press briefing today. This follows the recent announcement of a massive stimulus package, which included interest rate cuts, increased liquidity, and $340 billion dedicated to supporting the stock market.
Thinking Crypto host Tony Edward posted on X today, sharing his take on China’s stimulus measures. He used the popular internet meme “Money printer go Brrrrrrrrrr,” which refers to central banks printing more money to inject liquidity into the economy. With this meme, Edward highlighted that the Chin…
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