2009: 4 trillion yuan earmarked to tide over financial crisis

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In response to the worldwide financial crisis in 2009, Premier Wen Jiabao presided over an Executive Meeting of the State Council, ordering effective financial measures and flexible monetary policies.

The 10 measures to expand domestic demand and promote economic growth included: speeding up the construction of affordable housing projects, accelerating rural and transport infrastructure construction such as railways, highways and airports; speeding up the development of medical care, cultural and educational programs; improving eco-environmental construction; boosting independent innovations and institutional adjustments; hastening disaster relief in quake-stricken areas; and increasing urban and rural residents' income. To implement these measures, state revenues totaling 4 trillion yuan (US$570 billion) were allocated for related construction.

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