The market has been patiently waiting for news on Chinese fiscal stimulus after the finance ministry hinted it was coming following a range of moves to boost financial markets.Today in a report from Reuters, we got a strong sense of what's coming. The report says that after a Nov 4-8 series of meetings, that officials will announce a 10 trillion yuan ($1.4 trillion) package. That's 8% of GDP and a number that many analysts were looking for.Unfortunately, the details of the package are weaker than hoped. Firstly, the spending will be spread over three years 2024, 2025 and 2026. Secondly, 6 trillion yuan of that, or 60%, is earmarked for helping local governments with their debt. That raises
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