Chapter 4006: Policy Introduction

In late November, the Chinese government finally introduced a package of economic stimulus plans. This plan had a total of ten items, including expanding domestic demand, increasing investment in infrastructure, continuing investment in post-disaster reconstruction, etc. Of course, the most eye-catching items were encouraging the development of high-end manufacturing and high-tech industries, and increasing investment in scientific research.

Besides this, in this package of economic stimulus plans, there was no plan to significantly increase currency supply. Many preferential policies were preferential in terms of tax and financing policies, rather than directly investing currency rewards. In this respect, compared with Su Xinghui's previous life, it had changed a lot.

In his previous life, the central government invested trillions of funds for this package of economic stimulus plans, and local governments invested more than ten trillion funds. But at that time, the central government didn't have so much money at all, so where did the money come from? Wasn't it printed?

This was the direct reason for the subsequent inflation and soaring housing prices. The central bank issued too much currency, and so much currency was put into the market, which couldn't be accommodated at all. Only the huge real estate market could accommodate it. Every time housing prices rose by 100 yuan per square meter, the amount of currency the real estate market could accommodate would increase by tens of billions.

And the result produced by this problem was that the wealth of ordinary people was all diluted, or even plundered. Their family's savings for many years all turned into a house, and in the end, they still owed the bank a lot of money. ===== CHAPTER 4008 =====