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Broker: China could be preparing giant stimulus package

Seven provinces in China allegedly plan to invest the towering sum of USD 3.5 trillion in infrastructure in an effort to restart the economy following the coronavirus outbreak, reports Arrow Shipbroking Group citing a Chinese media.

Photo: AIDAN JONES/AFP / AFP

China could be about to announce a giant stimulus package in an effort to revive its economy in the wake of the coronavirus outbreak.

Arrow Shipbroking Group says in a brief that a Chinese media reports that seven provinces in China will invest the dizzying sum of USD 3.5 trillion in infrastructure projects in the coming years.

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