The Chinese State Council has shifted its economic policy to maintaining “a stable and rapid economic development” from the previous goal of “ensure growth and control inflation.”
It will do that by a combination of:
==> Increase export tax rebates
==> Banks will be encouraged to lend more money
==> Wide variety of support programs for farmers
==> Additional spending on public works infrastructure projects
You can do those things when you have $1.8 trillion sitting in the bank.
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