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AAP
AAP
Business
Jacob Shteyman

China stimulus a 'very good development for Australia'

Iron ore has jumped back over $100 a tonne after the People's Bank of China slashed interest rates. (Alan Porritt/AAP PHOTOS)

Australia's economy stands to benefit from a landmark stimulus package unveiled by Chinese authorities.

The People's Bank of China this week slashed interest rates in a bid to remedy anaemic economic growth and flagged further fiscal stimulus in a move celebrated by markets globally, including in Australia. 

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