政策一：加快建设保障性安居工程。加大对廉租住房建设支持力度，加快棚户区改造，实施游牧民定居工程，扩大农村危房改造试点。

政策二：加快农村基础设施建设。加大农村沼气、饮水安全工程和农村公路建设力度，完善农村电网，加快南水北调等重大水利工程建设和病险水库除险加固，加强大型灌区节水改造。加大扶贫开发力度。

政策三：加快铁路、公路和机场等重大基础设施建设。重点建设一批客运专线、煤运通道项目和西部干线铁路，完善高速公路网，安排中西部干线机场和支线机场建设，加快城市电网改造。

政策四：加快医疗卫生、文化教育事业发展。加强基层医疗卫生服务体系建设，加快中西部农村初中校舍改造，推进中西部地区特殊教育学校和乡镇综合文化站建设。 政策五：加强生态环境建设。加快城镇污水、垃圾处理设施建设和重点流域水污染防治，加强重点防护林和天然林资源保护工程建设，支持重点节能减排工程建设。 

政策六：加快自主创新和结构调整。支持高技术产业化建设和产业技术进步，支持服务业发展。

政策七：加快地震灾区灾后重建各项工作。 政策八：提高城乡居民收入。提高明年粮食最低收购价格，提高农资综合直补、良种补贴、农机具补贴等标准，增加农民收入。提高低收入群体等社保对象待遇水平，增加城市和农村低保补助，继续提高企业退休人员基本养老金水平和优抚对象生活补助标准。 

政策九：在全国所有地区、所有行业全面实施增值税转型改革，鼓励企业技术改造，减轻企业负担1200亿元。

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China will take 10 major steps to stimulate domestic consumption and growth as it turns to an “active” fiscal policy and “moderately easy” monetary policy, an executive meeting of the State Council said on Sunday, November 9th, 2008.

Here are the 10 major steps:

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New York markets are still setting the pace for international bourses and the major U.S. indexes have finally enjoyed a few good days. But we’re not popping champagne corks at China Stock Digest just yet.Keep in mind, a few days of hyperactive gains by the DOW and S&P Indexes have also been marked by strong intra-day volatility. Wild daily swings indicate that heavy (and possibly desperate) redemptions by over-leveraged hedge and mutual funds are still crashing any recovery momentum on New York markets.

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This Week’s Big News

Hong Kong shocked Asian investors this weekend with the announcement that they have entered their first recession since the deadly SARS epidemic. Hong Kong’s government economist, Helen Chan, said that demand for Hong Kong services have been "severely hit by the outbreak of the global financial tsunami that caused significant jitters in the local asset markets."

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