On November 5, Premier Wen Jiabao chaired a State Council meeting and discussed the measures to expand the domestic consumption to ensure smooth economy growth.
It was agreed that it is necessary to adopt a macro economic policy in light of the world economic crisis which will contain the execution of proactive fiscal policies and loose monetary policy; speed up the projects to improve people’s living standard as well as infrastructure, bio-environment and natural disaster recovery. The measure will also include the effort to improve the living standard of the low income group.
Source: Xinhua, November 11, 2008
http://news.xinhuanet.com/newscenter/2008-11/09/content_10331258_1.htm