It announced a stimulus package of RMB4 trillion, which was mainly intended to boost internal consumption, enhance social security, improve health care and rural development. It is worth mentioning that financial institutions of China have not been appreciably affected by toxic assets and hence suffered less from the financial tsunami.
The year-on-year rate of change in the consumer price index (CPI) for all items less fresh food is in the range of 0.0-0.5 percent. The rate of increase for all items less fresh food and energy had remained on a decelerating trend, following the peak of 1.2 percent in winter 2015; recently, the rate of change has been at around 0 percent.