China took the lead in using its existing foreign exchange reserves to purchase huge US Treasury bonds. To purchase US Treasury bonds, it is necessary to issue additional RMB in China that matches the value of the purchased US Treasury bonds. The amount of this RMB is that 4 trillion. In response to the global financial crisis, the China government announced the implementation of a moderately loose monetary policy and a proactive fiscal policy, and launched ten measures to expand domestic demand and promote growth, with an investment of 4 trillion yuan. Australian Prime Minister Kevin Rudd believes that China's economic promotion plan of about 4 trillion yuan is "extraordinary", which is "very good" news not only for China's economy, but also for East Asia's economy and the world economy.

：

China's role in the 2008 financial crisis;

1. Faced with the severe challenges brought by the financial crisis, China first strives to do its own thing and provide development opportunities for trading partners, foreign investors and enterprises. China timely adjusted its macroeconomic policies, resolutely implemented a proactive fiscal policy and a moderately loose monetary policy, and introduced a package plan to further expand domestic demand and promote economic growth. Now, these measures have achieved initial results and there are positive signs. As Gurria, Secretary General of the Organization for Economic Cooperation and Development, said, China's large-scale economic stimulus plan will contribute to the global economy, and the stable and healthy development of China's economy will promote the economic development of other regions except China.

2. Facing the severe challenges brought by the financial crisis, China also actively participated in various actions of the international community to deal with the financial crisis and played an important role in it. China strongly opposes protectionism in trade and investment, which has enhanced the strength and awareness of the international community to curb protectionism. As a big developing country, China has supported and helped other countries, especially developing countries, to cope with the financial crisis with practical actions within its capacity. At the 10th annual meeting of China Development Forum held recently, President of Asian Development Bank Haruhiko Kuroda said that China has played an active role in global and regional cooperation under the financial crisis.