Sunday, December 14, 2008

Today's Fly Or Die Commerce Report: China To Increase Their Money Supply

According to The Wall Street Journal, China will increase its money supply by 17% on 2009. They will use this strategy to boost domestic spending amongst citizens.

China will also reportedly increase loans, and put reigns on the sale of some central bank securities as part of their economic plan for the new year. The Chinese government hopes that this will shield their country from experiencing a deep recession.

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