What policies did China introduce to deal with the financial crisis?

China has adopted many policies to deal with the financial crisis. Now, I will briefly say two points:

1. Tax rate for real estate transactions: 200810.0/0.65438 Beijing Local Taxation Bureau exempted individual housing stamp duty and land value-added tax, and reduced deed tax (from 1.5% to 1% for ordinary housing)

Second, the bank loan interest rate has been lowered several times: in just a few months, the bank loan interest rate has dropped from 7.83% to 6. 12% today.

These measures are mainly to stimulate the growth of CPI.

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The central government will appropriately raise the deficit ratio, and over one trillion special national debt can be expected.

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