In response to the negative impacts of the financial crisis, such as economic contraction and increased unemployment, the following policy measures are mainly included. It should be said that these policy measures are related to the national macroeconomic objectives in the four aspects of economic growth, inflation, unemployment, and balance of payments. are all related and will have a positive impact:

The above are the main fiscal policies

(1) Loose fiscal policy: reduce taxation (the reduction of securities transaction tax and the reduction of interest tax have been implemented Cancellation), expand government spending (4 trillion to boost domestic demand is being implemented);

(2) Promote foreign trade: the import and export industry is the first to be affected, and there are many employees (according to statistics, it has reached 100 million people ). The first is to increase export tax rebates; the second is to appreciate the RMB, both of which are means to increase export competitiveness;

(3) Reduce the burden on enterprises: adjustments to labor laws, etc.;

(4) Strengthen public fiscal expenditures on social security/medical care and other aspects to maintain the stability of the social and economic development environment.

(5) Industrial revitalization plan.

The following are monetary policies< /p>

(1) Monetary policy has been adjusted in a timely manner since July 2008. Reduce open market hedging, suspend the issuance of three-year central bank bills, reduce the issuance frequency of one-year and three-month central bank bills, and guide the central bank bill issuance interest rate to fall appropriately to ensure liquidity supply.

(2) Loose monetary policy. In September, October, November and December, the benchmark interest rate and the deposit reserve ratio were continuously lowered. The reduction of the deposit reserve ratio and the decline of the loan benchmark interest rate were aimed at increasing the market money supply and expanding investment and consumption.

(3) On October 27, 2008, a 30% discount on first-home loan interest rates was also implemented; residents were supported to purchase ordinary owner-occupied houses and improved ordinary houses for the first time.

(4) The restrictions on credit planning of commercial banks have been removed.

(5) Adhere to differentiated treatment, guarantee and pressure, and encourage financial institutions to increase loans to reconstruction of disaster areas, "agriculture, rural areas and farmers", and small and medium-sized enterprises.

(6) Promote foreign trade: The import and export industry is the first to be affected, and there are many employees (according to statistics, it has reached 100 million people). The first is to increase export tax rebates; the second is to appreciate the RMB, both of which are means to increase export competitiveness;

(7) Foreign economic cooperation and coordination (such as currency swaps between China, Japan and South Korea).