General Office of State Council, Several Current Opinions on Promoting Economic Development with Financial Policies

国务院办公厅关于当前金融促进经济发展的若干意见

December 18, 2008 | BY

clpstaff &clp articles

State Council issues 30 measures to boost the economy.

Issued: December 8 2008

Main Contents: The State Council sets out 30 measures for boosting domestic demand and stimulating economic growth in response to the current international financial crisis, including:

1(a) The total amount of money supply for 2009 shall be targeted at a growth rate that is 3-4% above the sum of the GDP growth rate and the inflation rate, and the growth rate of the M2 money supply for the year shall be targeted at around 17%. The issuance of central bank paper with a term of three years shall be suspended, and central bank paper with terms of one year and three months shall be issued less frequently.

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