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China's CSI 300 index has moved into a bull market after the announcement of recent economic stimulus. The market is up 25% in a week and jumped 8.5% on Monday alone, the biggest one-day rise since 2008. Visiting fellow at the Australian National University's Crawford School of Public Policy, Dr Huw McKay, says while it is yet to be seen whether the stimulus will work, it is promising and could be the circuit-breaker the economy needs. Dr McKay says it will be clear after the 2025 Lunar New Year celebrations whether household confidence has improved. Dr McKay was until recently BHP's Vice President of Market Analysis and Economics. #ABCBusiness Subscribe: http://ab.co/1svxLVE ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation. For more from ABC News, click here: https://ab.co/2kxYCZY Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2 Like ABC News on Facebook: / abcnews.au Follow ABC News on Instagram: / abcnews_au Follow ABC News on X (Twitter): / abcnews Note: In most cases, our captions are auto-generated. #ABCNews #ABCNewsAustralia