China’s Policy Response – China News

biz.thestar.com.my — THE Chinese government recognizes the risks its economy is exposed to. Thus, it has been swift and aggressive in introducing measures to cushion it from being too seriously affected by the US-led financial crisis. iCapital lists the various policy measures below. The target for monetary expansion has been set at 17% for 2009. PBC will stop issuing three-year bills and reduce the issuance of short-term paper for more liquidity to the financial system.

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