💥China's latest move to restore economic growth
👉Earlier 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.
👉However, 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.
👉Financial 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.🚀
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.
