đ„China's latest move to restore economic growth
đEarlier today, China announced that it will significantly increase the issuance of government bonds, thereby providing subsidies to low-income earners and supporting the real estate market.
đHowever, China's Finance Minister, Lan Foan, said that China still has "relatively large" room to issue debt. According to previous reports, China is planning another economic stimulus package worth $283 billion.
đFinancial stimulus measures in China have attracted significant attention in global financial markets and even the cryptocurrency market.
>>>> Cryptocurrency markets rallied today following news that China has significantly increased its government bond issuance.đ
Bitcoin (BTC) and the cryptocurrency market have once again shown their strength as they have reversed their price and increased by more than 3% over the weekend. BTC price is trading at $63000, up more than 3.16% with a market capitalization of $1.239 trillion.
