How about issuing 500 and 1000 yuan RMB?

How about issuing 500 and 1000 yuan RMB?
Mar 10, 2009 02:24
JIMMYB Points: Join Date: Feb 7, 2007 Status: offline	An official in Guangdong Province suggests that the government should issue 500 and 1000 yuan RMB now. Currently, the deflation problem is gradually becoming serious in China. Due to the financial crisis, people start to save money at the banks and this is why the government encourages people to consume. According to that offcial, if people have much money in their wallet, they will spend it. Then the domestic needs will be expanded. What do you think of his idea?

Mar 10, 2009 02:24

JIMMYB
Points:
Join Date: Feb 7, 2007
Status: offline

An official in Guangdong Province suggests that the government should issue 500 and 1000 yuan RMB now. Currently, the deflation problem is gradually becoming serious in China. Due to the financial crisis, people start to save money at the banks and this is why the government encourages people to consume. According to that offcial, if people have much money in their wallet, they will spend it. Then the domestic needs will be expanded.

What do you think of his idea?

Mar 10, 2009 02:41	#1
GUEST24176	I don't think it would be necessary.

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